Emkay Global Financial Services forecasts a rebound in the Indian stock market within three to six months, despite recent corrections in small and mid-sized companies (SMIDs). The correction, attributed to high valuations and liquidity concerns, presents entry opportunities for investors. Emkay highlights the shift towards manufacturing and investment-driven growth, favoring SMIDs over large caps. Overweight sectors include consumer discretionary, materials, and industrials, while caution is advised for financials, IT, and FMCG sectors. Emkay’s Nifty target remains at 24,000, expecting triggers like election outcomes, budget reforms, and potential monetary easing to drive the market recovery. Investors are encouraged to capitalize on the dip, focusing on fundamentally sound SMIDs with growth potential, while avoiding those with inflated valuations.
Emkay Forecasts Indian Market Rebound Amid SMID Correction
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