Deven Choksey Backs Adani Energy for 2026; Warns Mid, Small-Caps Face Correction

• Market expert Deven Choksey identifies Adani Energy as a key long-term investment pick for 2026, citing strong fundamentals in the power sector.
• Choksey, MD of DRChoksey Finserv, believes the power and power ancillary segment, especially transmission and distribution (T&D), is poised for significant demand growth.
• Adani Energy is favored due to its substantial new capacity addition in its transmission portfolio, positioning it for sector expansion over 12-36 months.
• He cautions that mid-cap and small-cap segments, currently with high valuations, could face a "time correction" of 12 to 18 months or potential disappointment.
• Choksey predicts a shift in market leadership towards large-cap stocks, which are expected to dominate the period leading up to 2027 after the mid/small-cap consolidation.

Why It Matters: Invest in Adani Energy long-term; be cautious of mid/small-caps facing time correction.