TCG Asset: Indian Equities Enter Stock-Picking Phase After Correction

• Shahzad Madon, MD and CEO of TCG Asset Management, believes the Indian equity market is now in a stock-picking phase after a volatile earnings season and corrections in mid- and small-cap stocks.
• Madon notes an encouraging earnings season, with the latter half of the year potentially better for mid- and small-caps that have undergone significant price corrections.
• TCG Asset's transformative growth portfolio targets select small-cap stocks for outsized long-term returns, with Madon optimistic about their portfolio's resilience.
• He emphasizes a long-term, buy-and-hold approach for smaller companies, finding valuations more attractive post-correction, though opportunities are highly stock-specific.
• Madon highlights holdings like IDFC First Bank, Equitas Small Finance Bank, and Intellect Design Arena, citing improving earnings cycles and structural growth potential despite near-term volatility.

Why It Matters: TCG Asset sees Indian equities shifting to a stock-picking market, favoring select small and mid-caps post-correction.