Mihir Vora Market View: Strength in Midcaps and Sectoral Surprises Ahead
Mihir Vora shares insights on where to invest as market volatility persists. His strategy favors midcaps, CDMOs, and auto for Q2 gains.
🔍 Market View — Strength Beneath the Surface
In an exclusive interview with ET Now, Mihir Vora, Chief Investment Officer at Trust Mutual Fund, offered a grounded yet optimistic view of the Indian equity markets. While headline indices like the Nifty and Sensex have shown bouts of volatility in recent sessions, Vora believes there’s resilient strength beneath the surface.
He pointed out that midcap and smallcap stocks continue to provide market breadth, often offering support when largecaps stumble. According to him, this demonstrates that despite external noise, investor confidence remains intact, especially in the broader market.
“The broader market is where true investor conviction lies. It may not make the headlines every day, but it’s quietly building value,” Vora said.
📊 Sectoral Opportunities in Earnings Season
With the earnings season kicking off, Vora expects sector-specific surprises, particularly in industries that don’t dominate the largecap index. His radar is set on:
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Auto and Auto Ancillaries
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CDMOs (Contract Development and Manufacturing Organisations)
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Capital Goods
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Construction and Infrastructure
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Government-linked Financial Services
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Pharmaceuticals
These sectors, according to him, are well-positioned to outperform, continuing the strong momentum witnessed in the previous quarter. He emphasized that earnings upgrades from these segments could propel select stocks significantly higher.
🔍 Strategic Summary
| Theme | Vora’s Insight |
|---|---|
| Market Breadth | Mid/smallcaps driving underlying market strength |
| Earnings Outlook | Sector-specific surprises expected in CDMO, infra, auto |
| Stock Strategy | Selective bets in broader markets will outperform |
“The real winners this quarter won’t come from the index heavyweights—but from agile sectors with improving fundamentals,” he added.
📈 Stock Picking in Mid & Smallcaps
Diving deeper into his strategy, Vora remains a strong proponent of mid and smallcap stock picking. With over 600 to 800 companies to analyze, the space offers a wide canvas for skilled investors.
Even in what may seem like a range-bound or sideways market, he believes investors who focus on balance sheets, business models, and sectoral tailwinds will uncover pockets of alpha.
He suggests that this segment is particularly attractive due to its diversity, depth, and the potential for wealth creation.
“The opportunities in India’s midcap and smallcap universe are richer than ever. But it requires patience, research, and a long-term mindset,” Vora noted.
Source: https://economictimes.indiatimes.com/markets/expert-view/mihir-vora-on-where-to-look-for-opportunities-in-the-broader-market/articleshow/122574819.cms
