Siddharth Vora, a prominent market analyst, has expressed a positive outlook on smallcap stocks following a recent market correction that has made valuations more appealing. After a prolonged period of favoring largecaps and midcaps, with less than 10% exposure to smallcaps, Vora is now increasing his investments in smaller companies. He noted that market sentiment has shifted significantly in the past two months as panic subsided, leading to a more stable environment for investments. Vora's portfolio continues to heavily emphasize the metals sector, which comprises 25-27% of his holdings, alongside 5-7% in cement and 15% in power and utilities, including major companies like Coal India and NTPC. Despite this bullish stance on smallcaps, Vora remains cautious about the IT sector, citing weak growth guidance and valuations that are not attractive. He has also exited ONGC, viewing it as a capped upside due to regulatory risks, and is now focusing on oil marketing companies as a potential contrarian investment strategy.