After nearly 20 months of consolidation driven by stretched valuations and geopolitical uncertainties, the small-cap universe is once again throwing up attractive investment opportunities, says Pawan Bharaddia, Co-Founder & Chief Investment Officer at Equitree Capital.
In an interaction with Kshitij Anand of ETMarkets, Bharaddia explains why his firm continues to follow a private equity-style investing approach in public markets, highlights themes such as import substitution, manufacturing, infrastructure ancillaries and consumption, and shares why disciplined stock selection—not macro calls—remains the key to long-term wealth creation. Edited Excerpts –
