Large-cap stocks are emerging as the more compelling segment of India’s equity market after the sharp rally in mid- and small-cap shares, according to Rahul Baijal, Senior Fund Manager – Equities, HDFC AMC. While valuations across the broader market have moderated from their September 2024 peaks, Baijal sees blue-chip companies offering a stronger mix of earnings visibility, governance and relative valuation comfort.
Edited excerpts from a chat:
