Key Points
I do not think sustenance of 60-70 PEs for most of these stocks I am talking about one-year forward PEs is possible, given that even the rural markets are not firing and the growth rates are in low teens or even high single digits as such..
So, that is one area that you need to avoid..
Dinshaw Irani, CIO, Helios MF, says the RBI circular on raising risk weightages for various lending, made banks go back to the pre-Covid levels..
In fact, last quarter also, mid-teens to high-teens was the kind of credit growth that one saw in most of the banks...
But the exciting part is that we will be right at that point where China was probably in the early 2000s, and we are on a very good wicket today.. (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets..
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