Small Caps Offer Selective Opportunities After Correction; Avoid Expensive IPOs: Roha Venture CIO

• Dhiraj Sachdev, CIO at Roha Venture, states market correction removed excess valuations, improving risk-reward dynamics.
• Valuations across mid-cap and small-cap stocks have normalized, creating opportunities after sustained selling pressure.
• Sachdev advises selective deployment of funds, focusing on quality businesses and earnings growth as key drivers.
• Identifies opportunities in banking, financial services, asset management, auto ancillaries, consumption, and manufacturing.
• Cautions against sectors with valuations ahead of earnings (EMS, defence, hospital stocks) and expensive new IPO listings.