ETMarkets Smart Talk: Top 10 stocks across 6 sectors that are looking attractive post recent fall: Gaurav Bhandari
02 Dec 2024
The Economic Times
Synopsis
Gaurav Bhandari, CEO of Monarch Networth Capital Limited, highlights that current levels indicate limited downside for Nifty, expecting it not to breach 23,263. He identifies several stocks with potential for bargain buys, and assesses that India is relatively insulated from US tariff changes under Trump, with resilient domestic markets and investment opportunities in metal, infrastructure, and NBFC sectors.
“We see limited downside from the current levels; don’t expect Nifty to breach the previous low of 23,263 made on November 21, 2024,” says Gaurav Bhandari, CEO, Monarch Networth Capital Limited.
In an interview with ETMarkets, Bhandari said: “Even from the fundamental perspective, valuation doesn’t look expensive with the benchmark index trading at a forward 12-month PE multiple of ~ 21x” Edited excerpts:
