Signal Desk · Markets

Paresh Bhagat sees wealth creators in manufacturing and energy

2026-10-21 · 1 source · Economic Times Markets

In short

Paresh Bhagat said India’s next wealth creators may come from specialised manufacturing and energy infrastructure. He also said investors need to tell apart expensive growth stories from real long-term winners.

This matters for people looking at mid- and smallcap stocks in India. The report does not name the companies he likes or say which sectors will move first.

What the reporting says

Paresh Bhagat said India’s next wealth creators may emerge from specialised manufacturing and energy infrastructure. The Mangal Keshav Financial Services chairman also discussed why some mid- and smallcap stocks still price in strong growth, and how investors can separate expensive stories from long-term compounders. The reporting does not name specific companies or recommend trades, so the market impact remains qualitative.

Why it matters

Paresh Bhagat of Mangal Keshav Financial Services said specialised manufacturing and energy infrastructure could produce India’s next wealth creators. He also discussed valuation discipline, the appeal of some mid- and smallcap stocks, and whether largecaps are becoming more attractive. The interview points to areas investors may watch, but it does not provide specific stock picks or numerical targets.

Touches: Mangal Keshav Financial Services, Markets, Companies, Energy, Economy

Sources