Are large-cap stocks becoming too cheap to ignore?

Some investors are returning to large-cap stocks after corrections in smaller shares, says Shripal Shah. Citing Kotak Institutional Equities research, he puts expected Nifty 50 earnings growth at 17-18% in FY2026-27 and 15-16% the following year. A forward price-to-earnings multiple of around 16 for that following year depends on earnings forecasts being met.