Anand Tandon, CEO at JRG Securities has expressed his views on the stock market and has certainly shown that a ray of light always exists at the end of the tunnel. His free and frank opinion is as enumerated below:
“Value is certainly emerging because many of the public sector banks and some of the large private sector ones as well have now started to trade at one-year book. So from a pure valuation perspective, there is certainly some value that’s beginning to emerge. It’s now a question of trying to time the bottom and that’s a tough call always. So rather than catching a falling knife, you should wait for the turnaround to happen. But it is evident that at 1-1.5 time one-year forward earnings, many of the banks are reasonably attractive as far as valuations go.”
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