scorecardresearchMajor contraction already done in Nifty, we prefer large banks, NBFCs, says Amit Gupta of ICICI Securities

Major contraction already done in Nifty, we prefer large banks, NBFCs, says Amit Gupta of ICICI Securities

Updated: 13 Jul 2022, 07:48 AM IST
TL;DR.
  • Nifty P/E was 23 times one-year forward when the index made a high of 18600 in the month of October 2021. Thereafter the market has come down, however, earnings have continued to revive, Gupta pointed out. 
Gupta said value is emerging as the preferred segment due to relatively lower valuations.

Gupta said value is emerging as the preferred segment due to relatively lower valuations.