Largecaps over SMIDs: Ambit’s Nitin Bhasin and Bharat Arora share their Samvat 2083 strategy

Attributed summary

After two years of muted market returns, Nitin Bhasin, Head - Institutional Equities, Ambit, and Bharat Arora, Lead Equity Strategist, Ambit Capital are advising investors to stay defensive in Samvat 2083, favouring largecaps, banks and debt over expensive mid- and smallcap stocks as earnings growth faces further pressure.Edited excerpts from a chat:As Samvat 2083 begins, the sharp divergence between the performance of largecaps and small/midcaps have attracted attention. Some think…