Some more pain left in mid and smallcap companies; largecap valuations attractive: Sampath Reddy

Sampath Reddy, Founder & CIO of Azurean Investment Managers, highlights the attractiveness of large private sector banks amidst current market conditions. He cautions against mid and smallcap segments due to elevated valuations and higher risks. Reddy also notes the strong performance and potential earnings growth in capital market plays but advises caution if market becomes bearish.