Spark’s Devang Mehta backs capex and sees 18-25% stock growth
In short
Spark Capital’s Devang Mehta said some capital market stocks could rise 18% to 25% over the next 3 to 5 years. He highlighted power automation, engineering, defence and financial market businesses.
This matters because investors may focus more on capex-linked sectors. The report does not name the stocks he likes or say what could change the outlook.
What the reporting says
Devang Mehta of Spark Capital Private Wealth highlighted opportunities in power automation, engineering, defence and financial market businesses, according to a market summary. He said capital market stocks could grow 18-25% over 3-5 years and favored capex themes, citing strong earnings and long-term potential. The report does not name specific stocks or provide a target list.
Why it matters
Devang Mehta, Deputy MD and CIO-Equity at Spark Capital Private Wealth, highlighted opportunities in power automation, engineering, defence and financial market businesses, and said capital market stocks could grow 18-25% over 3-5 years. The reporting says he favors capex themes based on strong earnings and long-term growth potential. The immediate implication is a bullish sector view, but the source does not identify specific recommendations.