New Delhi, Jan. 1 -- The Indian stock market is no longer a place where bargains are easily available. Thanks to the rally over the past two years, all stocks, including midcaps, have moved up.

Riding a mix of earnings growth, policy stability and steady domestic inflows, most now enjoy valuations way above their historical medians.

In such an environment, the question for investors is no longer where growth exists; it is how to capitalise on it. It is whether growth is still visible and believable. This is exactly where management guidance begins to matter. Companies that are willing to put numbers on the table.

More importantly, companies that are guiding revenue growth of up to 40% for FY26 offer a clearer window into how they see d...