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'Earnings growth concentrated in pockets calls for stock-specific bets'

1 week ago 6

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Ajay Khandelwal says valuations have moderated and earnings remain resilient, with manufacturing, pharma, healthcare and capital markets among his preferred sectors

Ajay Khandelwal, Head of Equities, Motilal Oswal Mutual Fund

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Ajay Khandelwal, Head of Equities, Motilal Oswal Mutual Fund

Abhishek Kumar New Delhi

5 min read

Last Updated :

Nov 01 2026 | 11:02 PM

IST

The scope for another broad-based correction from current levels appears limited, although near-term volatility cannot be ruled out, says Ajay Khandelwal, head of equity at Motilal Oswal Asset Management Company (AMC). In an email interaction with Abhishek Kumar, Khandelwal says his current focus is on structural themes where earnings growth is strong and visible. Edited excerpts:

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