Valuations To Improve From FY26, Says Helios Capital's Irani

Dinshaw Irani from Helios Capital Management provides market insights. He questions whether valuations are still expensive and predicts that a weakening US will lead to money flowing into India. He sees AI as a major disruptor in the IT space and admits to being heavily underweight on IT. Irani notes that money has been flowing back to the US due to a weak rupee and fundamentals, but there is no need to exaggerate market reactions to tariffs. He believes there is significant value in midcaps and observes that, even after a DeepSeek rally, funds were moving back to the US instead of China.