Here's why Pankaj Pandey is bullish on pharma sector
«Overall sense is that in the second half things are going to be a lot more better. So, these two companies is what we are liking within the results which have come out specifically,» says Pankaj Pandey, Head Research, ICICIdirect.com.
Let us begin then by talking a little bit about what is happening within individual sectors and in particular real estate. We have been talking about the relief coming in with the amendments in the finance bill. How are you looking at this news for the sector?
Pankaj Pandey: See, real estate as a sector looks quite attractive to us. And after a long period of time, we are seeing improvement in the overall numbers, broader number for sector.
And our sense is that while this amendment is definitely going to help, but I think the prospects of rate cut have also improved, especially in the US and I think some spillover can happen in the domestic market also given the fact that our inflation is also on a lower side.
So, from that perspective, real estate looks good to us because what will happen that at this point in time the premium segment of the market was doing well and our sense is that with this kind of anticipation of further rate cuts and amendments like these, the growth will broaden up. Overall sense is that the double-digit kind of a pre-sales growth has been largely maintained by most of the players, but valuation also has inched up.
What we are liking is more of home building products like say Somany Ceramics, where gas prices are stable, margins are expected to perk up and
