“Devang Mehta remains bullish on the capital expenditure and infrastructure theme, including capital goods, engineering firms, air compression manufacturers, HVDC players, and power ancillary companies. He believes there is significant runway ahead for these sectors, driven by continued government and private sector spending on capacity building.”
Devang Mehta’s track record: 3 graded calls · 95% CI 0–56%
Nifty 50BullishCalled 20 Apr 2026Graded 19 Jul 2026
Nifty 50 decreased from ₹24576.60 to ₹24102.90, a decline of 1.93% over 60 days, which contradicts the bullish call on the broader market theme.
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