In a dizzy market, where can you look for value in small & midcaps? S Krishnakumar answers

“Given relatively cheaper valuations, go for consumer durable stocks . Also, in the textile space, we have seen a lot of value destruction with falling cotton prices. Now there is a lot of improvement in spreads and and we should be getting good traction going forward. In various sectors like auto ancillary, engineering etc, companies affected by specific events are bouncing back and we should look at those kinds of stock specific sectors.”