Investors Need To Focus On Quality Of Earnings & Cash Flows: Devang Mehta Of Spark Private Wealth

'There is a downside risk if the recovery on the rural side and capex side does not happen', says Devang Mehta of Spark Private Wealth Management. He also cautions the investors to focus on quality of earnings and cash flows. He tells Sonal Bhutra and Reema Tendulkar that he is bullish on the power automation, power ancillaries, engineering/manufacturing, ER&D, EMS segments and port infrastructure. He also advises investors to avoid sectors which have huge global dependence.

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