ICICI Direct’s Pankaj Pandey believes India’s Nifty has structurally transformed, making historical valuation comparisons obsolete. He suggests current valuations, though seemingly rich at 20x FY27 PE, are justified by evolving business models and high-growth companies. Pandey favors BFSI, particularly AMCs and banks, and advises against holding excessive cash, recommending instead a shift to defensive large-caps during market downturns.
Adani Energy slips over 3% despite Q4 net profit rising 6%
Adani Energy Solutions shares fell despite steady Q4 performance. The company posted a 6% YoY rise in net profit to Rs 684 crore and a
April 24, 2026