ETMarkets Smart Talk: Nimesh Chandan on markets, dividend-paying stocks & why investors should exercise caution in SME space
“While the Nifty has hit its fair value zone on a fundamental basis, behavioral indicators indicate a bullish sentiment, suggesting further potential for market rallies,” says Nimesh Chandan, CIO, Bajaj Finserv AMC.
In an interview with ETMarkets, Chandan who has over 22 years of experience in capital markets said: “Rather than narrowing the selection to one ratio (dividend yield), one can focus on companies trading below their intrinsic value. One finds many of the quality compounders in this category,” Edited excerpts:
We have hit record highs in March – what do you see markets headed?
Nimesh Chandan: India is outperforming both emerging and developed markets in economic growth, macro stability, earnings growth, and political stability. The Nifty earnings have reached record levels, fueling a bullish market trend.
While the Nifty has hit its fair value zone on a fundamental basis, behavioral indicators indicate a bullish sentiment, suggesting further potential for market rallies.
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Short-term market direction is uncertain due to noise related to politics and geopolitics, but the medium to long-term outlook for Indian equities remains positive.
Market and economy go together. What does the GDP tell us about the strength of the economy?
Nimesh Chandan: India recorded a
