In pharma, stocks like Caplin Point Laboratories, Indoco Remedies and Advanced Enzyme look attractive to us from a bottom-up perspective, says Pankaj Pandey, Head - Research, ICICIdirect.com. Edited excerpts from an interview: A lot of action is building up in the broader market and the small cap index in particular. Which are the stocks you like within that basket? The broader market has been doing relatively better this year. It is better to look at midcaps and smallcaps from a bottom-up perspective because very few themes are panning out. Sugar is one example where most of the stocks are from the midcap or smallcap domain.