Pankaj Pandey backs smallcaps, private banks and premium consumption
In short
ICICI Securities’ Pankaj Pandey said smallcap stocks may keep doing better because earnings growth is above 30% and local investors are still buying. He also likes Axis Bank, gold loan NBFCs, asset managers, premium consumption, hospitals and organised healthcare.
This matters for investors watching where money may flow next. The report does not give price targets or say how long this view may hold.
What the reporting says
ICICI Securities’ Pankaj Pandey said smallcap stocks should keep outperforming as earnings growth stays above 30% and domestic investor inflows remain strong. He also preferred Axis Bank among private lenders and stayed positive on gold loan NBFCs, asset managers, premium consumption, hospitals and organised healthcare. The note gives a bullish sector view, while the timing and any stock-specific target levels are not stated.
Why it matters
ICICI Securities’ Head of Retail Research Pankaj Pandey is cited as favoring smallcaps, Axis Bank, gold loan NBFCs, asset managers, premium consumption and healthcare-related names. The summary says his view rests on earnings growth above 30% and strong domestic investor inflows. The immediate implication is a supportive sector call for those groups, but no stock targets or timing details are provided.