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Small & midcaps to outperform when market enters bull phase: Mayur Patel

Sectors such as pharma, chemicals, small appliances, and agriculture-related sectors (tractors) should be better off in the current volatile environment.

June 17, 2020 / 02:49 PM IST

Small and midcaps stocks will outperform only when the market enters a bull phase based on sustainable economic recovery, Mayur Patel, Principal Fund Manager, IIFL Asset Management, tells Moneycontrol’s Kshitij Anand in an interview. Edited excerpts:

Q) The Indian market hasn’t looked back after hitting a low in March despite a rise in coronavirus cases and border tensions. Why this optimism?

Despite bleak visibility of economic recovery, the Indian equity market has bounced by around 13-14 percent over the last fortnight, tracking the global risk-on rally driven by a massive $15 trillion liquidity infusion by global central banks and governments.