ETMarkets Smart Talk| Where is the value? Sachin Bajaj favours financials, healthcare, capex plays
Axis Max Life CIO Sachin Bajaj sees Indian equities entering a favourable phase as earnings recover, valuations moderate and domestic flows remain strong. He favours financials, healthcare, capital goods, digital platforms and manufacturing beneficiaries, while cautioning against expensive stocks.
The Economic Times reports that Indian equities have shown signs of stabilisation after a sharp correction in the first half of 2026. Executive Vice President and Chief Investment Officer at Axis Max Life, Sachin Bajaj, identifies financials, healthcare, particularly CDMOs and hospitals, capital goods, and capex beneficiaries as areas with attractive opportunities.
Bajaj also highlights potential in digital platforms and companies benefiting from manufacturing and supply-chain diversification. However, he advises investors to avoid stocks with valuation multiples far ahead of underlying earnings growth. Bajaj discusses the outlook for private capex, the return of foreign investor flows, India's valuation premium over emerging markets, and the revival in IPO activity for the broader market.
Brief written by urgent.news from The Economic Times - Top News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
