Sunny Agrawal, Head of Fundamental Equity Research at SBI Cap Securities, believes Indian equities have become attractively valued after recent market turbulence. He recommends that investors with an 18-month investment horizon focus on mid and small-cap stocks, particularly those with clear earnings visibility. His top large-cap pick is private sector banking, with HDFC Bank, ICICI Bank, and Axis Bank expected to deliver a 12-14% return over two years. Agrawal also favors asset management companies, noting that stable SIP inflows will support earnings, and he specifically mentions Angel One and Groww as beneficiaries of a market recovery. In the auto sector, he prefers auto ancillaries like Lumax and Minda Corp over automakers, projecting a 15-16% earnings CAGR. In pharmaceuticals, he highlights contract development and manufacturing, recommending companies like Anthem Biosciences and Sai Life Sciences. Agrawal also sees potential in electronics manufacturing with Syrma SGS and in the metals and mining sector with GPIL. For infrastructure, he points to power ancillaries as a key opportunity, naming GE Vernova T&D and TD Power Systems. Despite ongoing volatility, he is optimistic about quality stocks delivering solid returns by FY27.