ETMarkets Smart Talk: If BJP retains majority in general elections capital goods and infra themes could do well: Dipan Mehta

Dipan Mehta says capital goods and infrastructure sectors are expected to do well in the coming years, especially if the BJP retains the majority in the General elections. There has been an increase in SME IPOs compared to mainboard ones, but caution is advised due to the frothiness and lack of floating stock in SMEs. Railway stocks have performed well due to increased budgetary allocation. Small and midcap stocks have good quality businesses, but valuations are very rich.