ETMarkets Smart Talk | Manufacturing, healthcare and financialisation could create India’s next wealth creators: Sanjay Doshi

Abakkus’s Sanjay Doshi believes carefully selected mid- and smallcap companies remain attractive for investors. He also points to manufacturing, healthcare and financialisation as areas that could help create India’s next generation of wealth creators.

Selection matters in smaller companies

Doshi’s view is not a broad endorsement of every mid- or smallcap stock. Instead, it places the focus on how investors assess individual businesses before committing capital.

Three factors are central to that assessment: valuations, financial strength and sustainable growth. These measures can help investors distinguish companies with durable prospects from those that may not justify their market prices.

Potential themes for wealth creation

Manufacturing, healthcare and financialisation feature prominently in Doshi’s outlook for potential wealth creation in India. The source does not identify specific companies or provide forecasts for these areas, but presents them as sectors or themes deserving investor attention.

The emphasis on financial strength and sustainable growth also underlines the risks of making investment decisions based only on a company’s size or market momentum. Attractive opportunities, in Doshi’s assessment, require selectivity and valuation discipline.

Investor takeaway

For investors considering India’s mid- and smallcap segment, Doshi’s message is to look beyond market categorisation. Business quality, financial resilience, reasonable valuations and the ability to sustain growth should remain central to the investment process.