• SENSEX
    NIFTY 50
Business

Limited scope for upside in Nifty from here; bullish on IT, healthcare, specialty chemicals: Siddhartha Khemka of Motilal Oswal

Updated : October 27, 2020 02:45 PM IST

IT service companies delivered sequential growth of 2–5% in QoQ CC terms in Q2FY21, aided by broad-based growth across geographies and verticals.
After the rally from March 2020 lows, the Nifty at 21x P/E is trading at a premium to its long-period average, thus leaving limited scope for upside and is not as attractive as it was a few months back.
Limited scope for upside in Nifty from here; bullish on IT, healthcare, specialty chemicals: Siddhartha Khemka of Motilal Oswal

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