Stay very selective in real estate stocks; any kind of price correction should be a good opportunity to buy: Pankaj Pandey
«Real estate as a sector is looking attractive to us. The only challenge is that the valuations have gone up. So, one needs to be very selective in real estate, but any kind of a price correction should be a good opportunity to buy,» says Pankaj Pandey, Head Research, ICICIdirect.com.
How have you read into the standalone quarterly numbers for PB Fintech, which has been pretty strong and completely different aside of that is Cummins as well, where the profits grew about 33%?
Pankaj Pandey: So, do not cover both the stocks, but if I have to talk on, say, for example, Shree Cement, the numbers are definitely below expectation. While we might see volume growth going forward because they are expanding their capacities by 15 million tonnes. But cement is seeing a lower realisation, largely more in southern markets. But in general, you see a softness in the prices and probably that is going to be there for another quarter.
Second half is where our sense is that things will start looking a lot more better because that is when the execution on the other or the user industry is expected to pick up. But cement is another space where our sense is that we have not seen much of a price reaction, but post this monsoon season things should start looking a lot more better, both in terms of pricing also and also from the perspective that we are going to see a decent amount of cost savings.
Nothing is wrong with banks, but it looks like everybody is selling banks. Why is that? EI mean, when I say everybody, the general consensus
