ETMarkets PMS Talk| Midcaps are expensive, but Rs 1,000–5,000 cr market-cap firms offer growth at reasonable valuations, says Pawan Bharaddia

Indian markets are consolidating, with midcap valuations appearing stretched. Equitree Capital’s Pawan Bharaddia highlights the ₹1,000–₹5,000 crore market-cap segment as a sweet spot, offering strong earnings growth at reasonable valuations. He also identifies India’s tourism sector as a potential multi-decadal investment opportunity due to improving connectivity and domestic travel.

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