Positive impactSector
ETMarkets Smart Talk| India’s next wealth creators may be hidden in specialised manufacturing and energy infrastructure: Paresh Bhagat
Economic Times 1 hr ago·21 Oct 2026, 3:40 am
Paresh Bhagat, Chairman of Mangal Keshav Financial Services, suggests that the next wave of wealth generation in India will likely come from specialised manufacturing and energy infrastructure sectors. He argues that many mid- and small-cap stocks are already priced for strong future growth, creating a market environment where investors must be selective. Distinguishing between expensive growth stories and genuine long-term compounders is crucial for success.
For investors, Bhagat emphasizes the importance of valuation discipline. He believes that while large-cap stocks are becoming more attractive, the real opportunity lies in identifying smaller companies with solid fundamentals that can scale up over time. Focusing on quality and sustainable growth, rather than just hype, is key to building a resilient portfolio.
Key takeaways
- Category: Sector.
- AI reads the tone as positive (potentially bullish) for the stock.
Why it matters
A routine update. 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.
