Market may deliver 12–15% returns next year, but midcap outperformance unlikely: Sandip Sabharwal

Investor Sandip Sabharwal urges caution on stretched valuations and corporate disclosures. He sees opportunities in financials, auto stocks, and L&T for the coming year. Largecap stocks appear solid, with midcap opportunities to emerge gradually. Sabharwal anticipates market returns of 12-15% across segments. He also notes pressure on Eternal due to quick commerce losses.