Ventura identifies defence, power, healthcare, recycling, financial services as emerging growth opportunities
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India's long-term growth story remains intact despite global geopolitical uncertainties and intermittent market volatility, with sectors such as defence, power, healthcare, recycling and financial services offering compelling investment opportunities, Ventura said a note.
The brokerage in its note highlighted that resilient domestic demand, sustained infrastructure spending, improving corporate fundamentals and rising retail participation continue to support the outlook for Indian equities.
"India remains one of the most attractive investment destinations globally, supported by strong macroeconomic fundamentals, policy continuity, increasing domestic participation and a resilient corporate earnings cycle," said Vinit Bolinjkar, Head of Research at Ventura.
"We continue to see promising opportunities across healthcare, power equipment, financial services, technology and emerging themes such as recycling and energy transition. While investors should remain mindful of geopolitical developments and global market volatility, the medium- to long-term outlook for Indian equities remains constructive. A disciplined, research-driven approach will be key to identifying the next generation of market leaders," he added.
Ventura believes sectors linked to infrastructure development, healthcare, financialisation, technology and sustainability are well-positioned to benefit from India's structural growth trajectory.
"Investors should focus on businesses with strong earnings visibility, healthy balance sheets and clear growth catalysts while maintaining a disciplined long-term investment approach," Bolinjkar said.
Ventura believes the power and infrastructure sector remains one of the biggest beneficiaries of India's ongoing energy transition and infrastructure push. The brokerage highlighted companies such as Hitachi Energy India, which reported 25% revenue growth and a 62% jump in profit after tax in FY26, supported by a strong order backlog of nearly ₹29,555 crore. CG Power also delivered robust performance, posting 45% growth in profit after tax and ending the year with a record order book of ₹15,719 crore.
In healthcare and pharmaceuticals, Ventura sees strong structural growth opportunities driven by rising healthcare spending and capacity expansion. Neuland Laboratories reported 37% revenue growth and 76% growth in EBITDA, while Anthem Biosciences posted a 31% increase in profit after tax and announced plans to invest ₹1,200 crore to expand its operations. Hospital chain Narayana Hrudayalaya also delivered strong growth, reporting a 44% increase in revenue and outlining an expansion pipeline worth around ₹3,000 crore.
The brokerage remains optimistic about the technology sector as businesses continue to invest in digital transformation and artificial intelligence. IT services company Coforge reported 36% revenue growth and a sharp 92% rise in profit after tax during FY26, backed by an executable order book of about $1.75 billion. Persistent Systems also maintained healthy momentum, delivering 24% revenue growth and 33% growth in profit after tax.
Within financial services, Ventura highlighted the sector's strong growth trajectory, supported by healthy credit demand and improving asset quality. RBL Bank reported 23% growth in advances and 25% growth in deposits, while Shriram Finance crossed the ₹3 lakh crore assets-under-management milestone and posted 21% growth in profit after tax. Cholamandalam Investment & Finance also reported a 21% increase in assets under management, taking its total AUM to ₹2.43 lakh crore.
The brokerage also identified recycling and sustainability as emerging investment themes likely to gain prominence in the coming years. Gravita India has announced a ₹1,700 crore capital expenditure programme to expand its recycling capacity beyond 800,000 tonnes, while Namo eWaste Management expects its revenue to nearly double to around ₹400 crore in FY27.
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