Dipan Mehta on NCC fall, AI valuations, and why he remains positive on CDMO

• Dipan Mehta, Director at Elixir Equities, discusses infrastructure, AI tech stocks, and the CDMO space, advocating a selective, valuation-driven approach.
• On NCC, Mehta views volatility as inherent to infrastructure investing; he will not sell despite NHAI debarment due to strong order pipeline.
• He advises holding quality infrastructure names like L&T, confirming continued investment for himself and clients.
• Mehta finds Netweb's AI-linked high-performance computing attractive but is deterred by high valuations, preferring to wait for corrections or stronger earnings.
• Despite recent weak earnings, Mehta remains positive on the CDMO segment, citing doubled inquiries and global outsourcing trends, advising investors to stay invested.