Midcaps and smallcaps are turning attractive after a 14-month consolidation as earnings rebound and growth-adjusted valuations improve, according to Helios MF CEO Dinshaw Irani. He believes retail caution and not weak fundamentals, is holding smallcaps back, and further expects financials—especially consumer-facing banks—to lead the next market rally once margins stabilise.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets