Earnings Inflection Point for Small and Midcap Stocks: Varun Goel of Mirae Asset Investment Managers

Varun Goel from Mirae Asset Investment Managers expects small and midcap stocks to experience a durable recovery driven by improving economic fundamentals. Cyclical sectors like BFSI and auto will lead the market, with the former benefiting from rate cuts and improving credit momentum. Oil marketing companies will also see tailwinds from stable crude prices. Goel is constructive on capital market-linked stocks but selective, citing the durability of the financialisation trend in India.