Manish Sonthalia, CIO of Emkay Investment Managers believes the weak phase seen in 2025 may be easing, supported by earnings visibility and valuations. Sonthalia said the rupee’s fall looks “overdone,” sees limited valuation risk in large and small caps, and remains positive on select stocks such as VIP Industries, Shriram Finance, and new-age companies like Groww and Pine Labs, while flagging margin risks in the EMS space.
