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Broker call● Neutral for Indian equities
PGIM India CIO Naha is holding up to 20% cash, waiting for a 5%-7% market correction
The brief
- PGIM India CIO Aniruddha Naha is holding up to 20% cash and waiting for a 5%-7% correction
- He sees opportunities in mid- and small-caps, capital goods, healthcare and financials after a sharper correction
- A correction may create entry points in Indian mid-caps, capital goods, healthcare and financial stocks
- IT Q2 Preview: Infosys, Other Large Caps May Cut Guidance As AI Deflation Bites, Mid-Caps To Buck The Trend
- Feeling blue: Near 40% of Nifty stocks down over 20%; ₹31 trn wiped out
- IPO Mania: 20 Issues To Hit The D-Street In A Single Week — Check Full List
- Small-cap IT stock under ₹50 jumps 17% as US subsidiary gets AI project worth ₹147 crore
- Not just PB Fintech, this smallcap stock fell 40% in two days on IRDAI proposals