Midcaps set to outperform despite valuation premium as earnings momentum strengthens: Alok Agarwal

Alchemy Capitals Alok Agarwal says Indias markets are entering a stronger phase as midcaps deliver robust earnings and the IndiaUS trade deal nears completion. With Nifty 500 posting its best growth in six quarters, Agarwal prefers midcaps, PSU banks, defence, power and capital market stocks for their superior visibility and valuations anchored by strong PEG ratios.