Axis MF’s Shreyash Devalkar suggests largecaps are fairly priced, while mid and smallcaps, despite growth potential, need further valuation correction. He notes earning downgrades are following stock price falls, with FY26 downgrades largely priced in. Devalkar favors financial services and pharmaceuticals, reducing exposure to export-oriented and industrial names, emphasizing a stock-picker market driven by risk-reward frameworks.
FPIs infuse Rs 19,860 cr in equities in May on strong domestic fundamentals, global eco indicators
Foreign investors continue to exhibit confidence in the country’s equity market, injecting Rs 19,860 crore in May driven by favourable global economic indicators and strong
June 1, 2025