Neutral impactResults
Small, microcaps offer better alpha opportunities; midcaps look expensive: Equitree CIO Pawan Bharaddia
Economic Times 1 hr ago·16 Aug 2026, 4:32 am
Pawan Bharaddia, Chief Investment Officer at Equitree Capital Advisors, suggests that Indian equities may continue to find support from a strong domestic economy. However, he notes that future returns will increasingly rely on earnings growth rather than just a rise in stock valuations.
Bharaddia highlights a shift in investment strategy, pointing to select small and microcaps as potential sources of higher returns. He specifically identifies companies with a market capitalization between ₹1,000 crore and ₹5,000 crore as offering better opportunities for generating alpha, or excess returns.
Conversely, he views large-cap stocks as offering greater stability and clearer visibility into future earnings. Investors should therefore monitor how these different segments perform relative to one another to gauge market sentiment.
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- Category: Results.
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A routine update. Use the price and stock snapshot to gauge how the market is responding.
