Marketsmith India Advises Patience On Key Stocks

Mayuresh Joshi, Head Equity at Marketsmith India, told ET Now investors should be patient after Hindustan Aeronautics Ltd's 3–4% correction, citing a strong order book but a high 30× trailing earnings valuation and gradual margin expansion. He flagged selective midcap IT opportunities such as KPIT (around 25× forward earnings) and urged caution on IDFC First Bank pending forensic and regulatory clarity.