Nitin Bhasin from Ambit suggests caution on midcap IT firms like Coforge and Persistent due to high valuations, along with DMart and Voltas. While FMCG valuations remain rich, domestic companies like GCPL are favored. Bhasin also expresses concern over expensive defense stocks and Godrej Real Estate, highlighting the importance of earnings expectations alongside valuations.
Market veterans favour value plays over crowded, expensive themes
Market experts project cautious optimism for Indian equities as valuations become less demanding and earnings growth aligns. Large-cap stocks appear more favorable compared to mid-