Mid & smallcaps may outpace largecaps on back of India’s growth texture: Hari Shyamsunder

May 15, 2025

Hari Shyamsunder from Franklin Templeton suggests a cautious outlook on IT due to slowing growth and AI uncertainties, while favoring mid and small-caps for long-term Indian economic growth. Despite stretched valuations in manufacturing, defense, and power sectors, stock picking remains crucial. He anticipates a 10-13% compounding return for the broader market over the next three to five years.

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