Positive impactResults
Broader markets offer better opportunities than Nifty, says Spark Capital's Devang Mehta
CNBC-TV18 1 hr ago·2 Sept 2026, 9:17 am
Devang Mehta, Deputy MD & CIO-Equity at Spark Capital, believes the broader market offers better opportunities than the Nifty 50 index. He advises investors to look beyond large-cap stocks, citing India's strong earnings outlook as a key driver. Mehta suggests focusing on sectors like discretionary consumption, capital expenditure, and financial services, which he views as more resilient compared to export-linked industries that face geopolitical headwinds.
For retail investors, this means considering mid and small-cap stocks that align with these domestic growth themes. Mehta also cautions against chasing every IPO and instead urges a selective approach. By targeting companies with solid fundamentals in these key areas, investors may capture better long-term value than through broad market exposure alone.
Key takeaways
- Category: Results.
- AI reads the tone as positive (potentially bullish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
