News Summary

• Abakkus Mutual Fund’s Sanjay Doshi sees opportunities across market capitalisations, despite elevated mid- and smallcap valuations.
• He urges investors to prioritise sustainable earnings, cash flows and returns on capital, maintain disciplined stock selection and align SIP allocations with long-term goals.
• Doshi: Are largecaps becoming attractive because their valuations have corrected, or do they also offer better earnings visibility in the current market environment?
• How much of the future earnings growth of small & midcaps is already priced in?
• What would it take for these stocks to justify their current valuations?