“Bullish on Indian largecaps for tactical mean reversion. Largecap earnings growth is projected to accelerate to 14-15% over the next two financial years, while the Nifty 100's one-year forward P/E is at a 33% discount to the Nifty Midcap 150, wider than the 10-year average of 20%. This narrowing earnings gap and widened valuation gap strengthen the case for selective largecaps.”

Jefferies Analysis’s track record: 3 graded calls · 95% CI 44–100%