Strong earnings, easing headwinds to boost market outlook: Devang Mehta (opens original article in a new tab)

India's equity markets are entering a favourable phase with strong earnings, stable macroeconomic conditions, and easing geopolitical concerns, according to Devang Mehta from Spark Capital Private Wealth. He prefers power ancillaries and capex-related businesses over direct utilities and IT stocks, citing positive earnings growth across all company sizes and improving macro conditions as key factors for long-term investors.

• India's equity markets entering a favourable phase due to strong corporate earnings and stable macroeconomic conditions
• Devang Mehta prefers power ancillaries and capex-related businesses over direct utilities and IT stocks
• Earnings growth across all company sizes and improving macro conditions are seen as positive for long-term investors