Nifty Valuations Near Post-Covid Lows as Alchemy Capital's Alok Agarwal Sees Broader Market Opportunity
Nifty valuations have corrected sharply from 2024 peaks and are now close to post-Covid lows, according to Alchemy Capital's Alok Agarwal, signalling a more selective phase for Indian equities. He expects the next leg of market growth to broaden beyond large caps, with mid- and small-caps, AI infrastructure, healthcare, manufacturing and select defence names emerging as preferred themes.
