The market expert believes that currently these themes are only at the early stages of take-off and are poised for a good run owing to increasing government capex.
​Hence, they have to stop somewhere and pause the rates, rate hiking cycle and somewhere also cut the rates because China is already cutting rates right now.
Prakash Industries was the top gainer from the smallcap pack with nearly 35% returns, followed by Koopran (33.3%), Titagarh Rail Systems (28.5%), and Jupiter Wagons (26.2%).