Sebi-registered analyst Mitesh Panchal believes certain high-beta counters are set for a strong comeback from a returns perspective.

"If you look at the chart pattern of , and GMR Airport Ltd, all these stocks are looking phenomenally great on charts and we are of the view that going forward, these small ticket charts -- which are there in the F&O space -- will likely outperform," Panchal told Business Today on Thursday. Advertisement

On the primary market, Panchal noted the heavy rush of initial public offerings (IPOs). "It is difficult to recall these IPO names because there's too much of a rush. Since the primary market is buzzing, we are expecting domestic benchmarks to hit fresh highs during the Deepavali time," he said.

The analyst also expressed optimism over the metal segment

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