Midcap stock on which Sandip Sabharwal is bullish
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Last Updated: May 24, 2021, 02:11 PM IST
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Synopsis Smallcaps are all about individual stocks. They tend to be risky because a lot of them are driven by news flow, which may or may not play out.
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Financial advisor Sandip Sabharwal says he has picked midcap stock
VA Tech Wabag as it is trading at a cheap valuation and the growth outlook is strong for the next couple of years. Edited excerpts from his interview with ET Now:
Can investors in IT stocks expect exponential returns going forward?
Technically and fundamentally, IT was one of the first sectors to pick up pace (after the market crash last year). It did very well and the positivity of the potential global recovery got built into these stocks.