ETMarkets PMS Talk | Midcaps are expensive, but Rs 1,0005,000 cr market-cap firms offer growth at reasonable valuations, says Pawan Bharaddia

Indian markets are consolidating, with midcap valuations appearing stretched. Equitree Capital's Pawan Bharaddia highlights the 1,0005,000 crore market-cap segment as a sweet spot, offering strong earnings growth at reasonable valuations. He also identifies India's tourism sector as a potential multi-decadal investment opportunity due to improving connectivity and domestic travel.