In a market where the Nifty trades at 20 times FY27 PE, the immediate reaction is often to cry “overvaluation” based on historical standards. But Pankaj Pandey, Head of Retail Research at ICICI Direct, argues this approach is fundamentally flawed. The veteran analyst contends that India’s benchmark index has undergone a structural transformation that renders … Read more
“When you look at steel as a sector, the context is that the price is at a four-year low, then we had imports at a 10-year high and with 12% kind of a safeguard duty, our sense is that for a company like Tata Steel which did somewhere about Rs 12,000 per tonne kind of … Read more
“Overall sense is that the news developments can turn positive because both auto and steel overall the tariff is still there, but when you look at the news flow, it is possible that US might give some leeway in terms of certain segments for autos talking about China,” says Pankaj Pandey, Head Research, ICICIdirect.com.Let me … Read more
“Our overall sense is that largely the bullish bias which we were carrying prior to election outcome remains intact. The only challenge what probably we need to sort of look at the element of populism which might come by and if the quantum is not so high, then overall directionally things are going to remain … Read more
“I think rate cut, again expectations have been also sort of pushed beyond because we do not expect the US Fed to sort of cut rates because that will sort of put pressure on the currency,” says Pankaj Pandey, Head Research, ICICIdirect.com.What is the market expecting from the RBI policy, a status quo and I … Read more
“So not major challenges we see from earnings growth perspective given the fact that most of the bigger sectors, especially banking are sort of firing all cylinders,” says Pankaj Pandey, Head Research, ICICIdirect.com.While everything is looking good, Nifty is up 10% from the recent low, Bank Nifty double digit gains. Are you a bit surprised … Read more