Economic TimesLean R·
Midcap, smallcap rally has eroded margin of safety, rotate to largecaps: Axis Direct's Rajesh Palviya
Axis Direct suggests a selective shift towards large-cap stocks now. Mid and small caps show stretched valuations after their recent surge. The Nifty 50 trades near its long-term average, offering better comfort. Corporate earnings delivery and margin defense are key for market upside. Investors should focus on quality large-caps with clear earnings visibility.
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