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Listen to this article in summarized format While the Nifty has fallen 12% in 2026 till mid-September, this cohort has surged about 60%. Many of these companies are small- and mid-caps in capital goods, utilities and technology hardware, which means their presence is not adequately captured by the large-cap-heavy benchmark indices. Read more: Motilal Oswal sees 4 factors boosting risk-reward after market’s sharp fall from 2024 high, lists 27 stock picks Valuations, though, are not cheap. Goldman Sachs said the AI Enablers trade at about 36 times forward earnings, an 85% premium to MSCI India and close to the upper end of their five-year valuation range of 28-39 times. The brokerage said that the premium largely reflects their stronger earnings growth. ET shortlisted 14 out of the 42 companies identified by Goldman on the basis of a minimum capex intensity of 20%. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
document fetched 2026-09-29 03:00