Relevant for Exams
Expert predicts equities to outperform gold in 2026, favoring small/mid-caps, metals, autos, ports, NBFCs.
Summary
Dipan Mehta, Director at Elixir Equities, predicts that equities could regain market leadership over gold in 2026, following gold's rally in 2025. He suggests small- and mid-cap stocks are well-positioned as earnings improve. Key sectors identified include metals, autos, ports, and select NBFCs, indicating a potential rotation in asset-class leadership. This is an expert's market outlook, not a policy change.
Key Points
- 1Dipan Mehta, Director at Elixir Equities, provided a market outlook for 2026.
- 2He predicts equities could regain leadership over gold in 2026, following gold's 'surprise rally' in 2025.
- 3Small- and mid-cap stocks are identified as better placed due to expected earnings catch-up and valuation normalization.
- 4Key sectors highlighted for potential growth include metals, autos, ports, and select Non-Banking Financial Companies (NBFCs).
- 5The outlook suggests a potential rotation in asset-class leadership in the upcoming year.
Full Article
After gold’s surprise rally in 2025, equities could regain leadership in 2026, says Dipan Mehta, Director at Elixir Equities. Small- and mid-cap stocks look better placed as earnings catch up and valuations normalise. Metals, autos, ports and select NBFCs remain key themes, while asset-class leadership may rotate again next year.