Business is slow. (Photographer: Dhiraj Singh/Bloomberg)
Basant Maheshwari is confident that India’s top 40-50 companies will continue to grow and drive Nifty 50 higher even as he cautions investors about chasing small caps.Formalisation of the economy and the corporate tax cut will largely benefit the top companies, founder of his namesake portfolio management firm, said on BloombergQuint’s special series Alpha Moguls. As a result, the benchmark will continue to grow, he said, adding that...