He noted that IndiGo is trading below its recent peak. \u201cIt\u2019s trading about 10% below its all-time high,\u201d he said, adding that \u201canother 10% correction would give some amount of margin of safety.\u201d Mehta expects the aviation business to resolve near-term issues and continue growing as part of a low-cost industry with supportive market dynamics.<\/p>\n
Mehta highlighted several segments where his firm sees potential. In the travel sector, he pointed to different business models gaining traction. \u201cWe\u2019re very positive on Yatra Online<\/a>,\u201d he said, citing its position as a leading online travel agency. He also mentioned BLS International<\/a>, which handles visa processing, as another strong play in the sector.<\/p>\n Also Read<\/strong> | Indian market to stay range-bound; focus on capital protection: Kotak Institutional Equities<\/a><\/p>\n Insurance is another area where he sees momentum building. Companies like MediAssist<\/a> and Sagility<\/a> are on his radar for their focus on claims processing for India and the US markets. He added that Policybazaar<\/a> is \u201cabout to go solid into profit\u201d over the next few years as its platform scales further.<\/p>\n In fintech, Mehta highlighted Zaggle Prepaid<\/a> as a company delivering strong results. He said businesses with \u201ca slightly differentiated business model\u201d stand out as future market winners.<\/p>\n \nHe also remains positive on India\u2019s clean energy capex theme. Solar manufacturing players such as Waaree Energies<\/a> and newly listed peers, along with wind turbine manufacturers Suzlon<\/a> and Inox Wind<\/a>, remain attractive due to improving industry outlook.<\/p>\n Also Read<\/strong> | Fund manager Parag Thakkar shares his top investment ideas<\/a><\/p>\n Mehta said he is closely tracking Pine Labs<\/a>, calling it a company with strong technology capabilities and growth potential. While it is not yet consistently profitable, he sees an improving trajectory ahead.<\/p>\n \u201cWhat happens if these companies double their turnover in three or four years\u2026 and their costs remain steady?\u201d he said, pointing to profitability upside. For now, however, his firm is waiting for clearer signals before considering an entry.<\/p>\n For the full interview, watch the accompanying video<\/strong><\/em><\/p>\n Catch all the latest updates from the stock market here<\/a><\/strong><\/em><\/p>\n<\/div>\n![\"\"](\"https:\/\/images.cnbctv18.com\/uploads\/2025\/11\/dipan-mehta-disclo-27nov-2025-11-b0c93cedadce022e1e187f319adb4bea.png?im=Resize,width=640,height=360,aspect=fit,type=normal\")
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