Logistics sector set to maintain double-digit growth, says Pankaj Pandey, ICICIdirect
This is a huge industry, worth Rs 9.5 lakh crore, and you have various segments which are expected to sort of keep delivering double-digit kind of growth, Pandey told ET Now.While the business prospects are strong, some stocks such as Blue Dart Express are trading at high valuations, Pandey said, highlighting it as a reason for not tweaking the price target.
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Bullish on these 7 pharma and capital goods stocks now: Pankaj Pandey
“Within the pharma sector, Sun Pharma and Cipla are looking attractive to us. Among capital goods, besides L&T, we are bullish on AI Engineering, LD Equipments and Ador Welding. The bearing companies are also looking attractive to us. Within that Timken and SKF are the ones which are looking good.”
Analysts turn positive on auto sector; Maruti & M&M top picks
ICICI Direct has shifted its stance to positive, from neutral, for the automobile industry owing to improved availability of semiconductors and chips and a substantial reduction in metal prices, which is a key raw material for the sector.
7 capital goods and auto stock picks from Pankaj Pandey
“In the auto sector, Ashok Leyland, Automotive Axles and AIA Engineering are looking good while in the capital goods space, both SKF and Timken are looking good. Then there are companies like Thermax, Siemens which we also like.”