Among themes, infrastructure-led capital expenditure remains his strongest conviction. “I’m very constructive on infra-capex as a theme. This is where the broader market could see larger alpha movers,” Chopra said. Within the space, he highlighted Adani group companies as potential leaders. “Adani Energy Solutions, Adani Power, and from the large caps, Adani Ports — this is where the larger alpha play could emerge in the next few months,” he said, pencilling in a base-case upside of 20–30 per cent while remaining open to sharper rallies.
