Parag Thakkar: Selective Small-Cap Buying, Cautious on EMS

• Fort Capital's Parag Thakkar is now a selective buyer in small caps after recent corrections.
• Thakkar remains cautious on Electronic Manufacturing Services (EMS) due to overvaluation, despite government support.
• He is positive on Tata Capital (NBFC) due to a lucrative policy environment and consumer activity, planning to buy on dips.
• He now sees value in established small caps with strong promoters, low leverage, and long track records, shifting from a large-cap overweight stance.
• Thakkar advises a staggered buying approach for small caps, focusing on companies with clean governance and no debt.

Why It Matters: This guides investors on small-cap opportunities and EMS caution.