Midcap Winners Ahead? Siddhartha Khemka Reveals Top Themes For FY27

Where should investors look in the midcap space now? According to Siddhartha Khemka of Motilal Oswal Financial Services, the answer lies in selective themes rather than chasing every rally. Manufacturing remains the biggest long-term opportunity, while power, infrastructure, capital goods, AI-linked businesses and data center beneficiaries continue to stand out. He also highlights opportunities in metals, wires & cables, and consumer discretionary stocks benefiting from seasonal demand. Despite concerns around a weaker monsoon and global uncertainties, Khemka believes sectors linked to India's domestic growth story are best positioned to outperform. As midcaps continue to beat broader market indices, investors are watching these high-conviction themes closely for the next leg of market leadership.