Homevideos Newsmarket Newsstocks News

    Good time to buy stocks; pharma looks reasonably valued: ICICI Pru AMC

    videos | IST

    Good time to buy stocks; pharma looks reasonably valued: ICICI Pru AMC

    Mini

    It’s a good time to buy stocks for a patient investor, said S Naren, ED and CIO of ICICI Prudential AMC, on Monday.

    It’s a good time to buy stocks for a patient investor, said S Naren, ED and CIO of ICICI Prudential AMC, on Monday, adding that “pharma looks reasonably valued at this point in time.”
    “Technology is priced for growth and FMCG has always been priced for growth even if it doesn’t deliver growth. So pharma and utilities are the two sectors which look reasonably valued at this point in time,” he said.
    Naren further said that he is not too worried about growth for now. “Yes, near-term there is a problem of growth in many sectors and there has been a problem, but when you have so many IPOs getting traded on 2027 earnings – I do not worry about investing in stocks where the current growth is bad, but eventually growth will pick up,” said Naren.
    For the entire interview, watch the video
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng