Small Amp Midcaps News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Sunil Damania, Chief Investment Officer of Mojo PMS, discusses the Indian market, GDP growth, RBI's outlook on rates, interest rates, liquidity, India Inc. Damania says: "With government reforms with PSUS and focus on Atma Nirbhar Bharat, many PSU companies are seeing their business grow and they are becoming more like the private sector in their operations. This is attracting investors."

"In line with the usual approach during an election year, we don't foresee major announcements in this budget. As the name implies, it's an interim budget, designed to bridge the gap until the new government takes charge. The more comprehensive policy and expenditure decisions are expected to be part of the full budget for the financial year 2024-25, which will be presented after the new government takes charge post the general elections."

"Small & midcaps had a tremendous run in the last 2-3 years and have significantly outperformed the largecaps over the same period which has stretched the valuations of the small and midcap space. However, within the space, there are still quite a few companies that are likely to not only deliver better earnings than largecap companies but are also available at decent valuations."

“We have historically hesitated to participate in real estate developers to play the real estate story. We played it through home-building materials, where there are some really fantastic business models which are not leveraged. We own paints companies, adhesives companies, pipes, footings. We prefer building materials because og our philosophy of looking for very low leverage on the balance sheet in the business model ”

India is on the brink of a multi-year growth cycle driven by capital expenditure, credit growth, consumption, and corporate profitability, according to Devang Mehta, Director of Equity Advisory at Spark Capital Private Wealth Management. Mehta also stated that sectors related to credit growth, financials, and capital expenditure are likely to lead the next phase of the market rally. Rising oil prices, a depreciating rupee, and the negative impact of the US market are concerns for the Indian economy.