“Abhay Agarwal is bullish on mid and smallcap stocks, expecting them to outperform largecaps as earnings drivers shift, with IT services majors and large private banks facing genuine earnings risk over the next few quarters. He highlights pharmaceuticals, EMS/electronics manufacturing, and small banks/NBFCs as promising sectors, citing global sourcing shifts, domestic manufacturing mandates, and strong results for smaller financial institutions. Investors should use near-term volatility as an opportunity to build positions in these high-growth, innovative sectors.”