Jigar Mistry of Buoyant Capital notes a dichotomy in the Indian market: strong macro indicators contrast with elusive earnings recovery, particularly in mid and small-cap sectors. While banks drive Nifty s growth, retail behavior shows mixed signals with rising SIPs alongside high cancellation rates. Mistry emphasizes that sustained market levels depend on earnings catching up with strong flows.

Jigar Mistry of Buoyant Capital favors healthcare, materials, chemicals, and banking sectors, preferring large-cap private banks over PSU banks. He remains positive on both generic and CDMO pharma segments, dismissing tariff concerns. Mistry believes valuations are elevated, especially for narrative-driven stocks lacking earnings, advocating for a focus on fundamentals over market flows.

Waaree Energies will be in focus after board approval to acquire Kamath Transformers for Rs 293 crore and Green New Delhi Forever Energy for Rs 1 lakh per share. Both acquisitions, aimed at business expansion, are expected to complete in FY26 and will be funded through cash. The stock trades above key moving averages despite a ‘Sell’ rating with a 12% downside target.

Ashok Leyland shares will be in focus as the board is set to consider a bonus issue proposal and announce Q4 and FY25 results on May 23. The company recently declared a second interim dividend of ₹4.25 per share, bringing total FY25 dividends to ₹6.25. Analysts maintain a Buy rating with a target price of ₹252.

RVNL shares: The contract covers the provision, installation, testing, and commissioning of signalling, telecommunications, and Electronic Interlocking (EI) systems at ten new stations: Surakachhar, Block Cabin, Katghora Road, Bhingra, Putuwa, Matin, Sendurgarh, Putipakhana, Dhangawan, and Bhadi.

IndusInd Bank shares: The investigation seeks to establish whether these officials sold employee stock options while having knowledge of accounting irregularities at the bank—prior to the disclosure of this information—according to two sources with knowledge of the matter, Reuters reported.

From favourable demographics and improving infrastructure to strategic diversification and early-stage investment opportunities, these regions are drawing attention for more than just their growth potential — they offer resilience, reach, and a new edge to global wealth strategies.

He also highlights growing EV adoption—particularly in two-wheelers—as a key theme, supported by upcoming product launches and policy incentives.