‘Overseas institutional funding (FII) is anticipated to reverse when these macro headwinds stabilise for a couple of months’
Subjects
ICICI Securities | Nifty | US markets
The value-to-earnings (P/E) ratio has seen sharp contraction, which warrants investments from a long-term perspective, says Piyush Garg, chief funding officer, ICICI Securities. In dialog with Sundar Sethuraman, Garg says shares in sectors like shopper discretionary, fast-moving shopper items (FMCG), automotive (auto), and cement have reached enticing valuations. Edited excerpts:
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First Printed: Wed, July 13 2022. 21:20 IST