Pankaj Pandey commented that the IT sector continues to struggle. Most companies have reported muted earnings, and uncertainty around global tariffs is still weighing heavily on sentiment. However, selective names like Coforge and Persistent may still deliver mid-single-digit growth.
He remains bullish on commodities. Cement demand is projected to grow 7% this year, while supply growth remains at around 6%. According to Pankaj Pandey, this supply-demand balance should improve utilisation rates and margins.
He also sees a gradual improvement in steel prices, and expects the momentum to pick up further in the second half of the year.
Pankaj Pandey said the hotel sector is showing robust numbers despite initial concerns over geopolitical disruptions in May. Companies like Indian Hotels, ITC Hotels, and Lemon Tree are benefiting from a strong recovery in Goa’s tourism sector.
Finally, Pankaj Pandey added that the hospital sector also appears attractive. While banking might lag in the short term, he expects a broader sectoral recovery in the second half of the financial year.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
