Positive impactResults
PMS Talk: AI, defence and electronics manufacturing are the next growth engines, says Vaibhav Agarwal
Economic Times 57 min ago·26 Oct 2026, 3:36 am
Vaibhav Agarwal, Founder & CIO of Accelt Asset Management, believes the next wave of stock market growth will be driven by three key sectors: artificial intelligence, defence, and electronics manufacturing. He argues that a bottom-up approach is essential to identify businesses capable of delivering sustained earnings growth. According to Agarwal, small-cap stocks offer significant opportunities, particularly among companies growing earnings at 25–30% annually.
To separate genuine compounders from value traps, Agarwal relies on the GMCV framework, which evaluates stocks based on Growth, Management quality, Capital Efficiency, and Valuation. He emphasizes that paying the right price is critical for long-term success. Investors should watch for companies that balance strong fundamentals with reasonable valuations, as this combination is key to identifying sustainable winners in the market.
Excerpt from Economic Times
In this edition of ETMarkets PMS Talk, we speak with Vaibhav Agarwal, Founder & CIO, Accelt Asset Management LLP, about how his team’s bottom-up stock-picking approach identifies businesses capable of delivering sustained earnings growth. He explains why smallcaps offer opportunities among companies growing earnings…Read the original at Economic Times
Key takeaways
- Category: Results.
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