Aniruddha Naha, CIO – Alternates, PGIM India Asset Management said recent correction has made valuations more attractive, especially in the smallcap space, where prices have corrected sharply while earnings remain resilient. The investment approach is to gradually build exposure over the next few months, focusing on sectors like textiles, capital goods, auto and auto ancillaries. Caution persists in lending-focused financials due to margin pressures and asset quality risks, while non-lending financial plays tied to financialisation remain preferred.
