Auto stocks were leaders of the day with the BSE Auto Index gaining more than 2 percent. Tata Motors and Mahindra and Mahindra topped the buying list as well as ended at record closing high of Rs 518.75 and Rs 1374.55, up 3 percent and 3.7 percent, respectively.
Gandotra feels the market is reasonably priced at around 15 times estimated FY15 earnings and around 12 times FY16 earnings. He sees the market delivering around 15-20 percent returns over the next 12 months.
Pathik Gandotra of Dron Capital Advisors says that if one takes a three year view post elections, you will make the maximum money in the real estate.
The rally in equities has been driven by foreign institutional investors, who have pumped in USD 852.10 million or Rs. 5,200 crore year-to-date.
Pathik Gandotra, Partner at Dron Capital Advisors is positive on the private banking space.
Pathik Gandotra, Dron Capital, feels market is expected to remain volatile all through October and through elections as well; while Sushil Kedia, CIMB, believes that in the medium term, there will be a slide across equities and most other assets globally and in India.
Pathik Gandotra, Partner of Dron Capital Advisors is of the view that one may buy IT stocks on correction. "There is an economic recovery happening in the US which will lead to rise in discretionary spends and strong dollar revenue growth for these IT companies," he adds.
Pathik Gandotra, Partner of Dron Capital Advisors is of the view that one may buy private sector banks. "I would buy banks which are reasonably good franchises, which will also have a story of gaining market share eventually," he adds.
Gandotra does not expect Fed to start tapering soon because it would damage their bond yields and economic recovery. Therefore, the emerging market currencies could also see a pullback. Moreover, he does not see the rupee depreciating to the level of 60/USD.
Pathik Gandotra, Partner, Dron Capital Advisors is bullish on Maruti Suzuki India.
Pathik Gandotra, Partner, Dron Capital Advisors feels that, if one is keen on high quality stocks available at reasonable valuations, then can buy Titan Industries.
The Reserve Bank of India is in a position to change the mood in market despite the Cyprus knock catching investors unawares, says Pathik Gandotra, Partner, Dron Capital Advisors.
Pathik Gandotra of Dron Capital Advisors explains to CNBC-TV18 that the US fiscal cliff will have no bearing on the Indian market except for the increase in uncertainty for IT companies. Gandotra's favourite sectors for 2013 include pharma, private-sector banks and NBFCs.
While Indian market has still not managed to surge significantly after touching 5-month high on Aug 21, some experts are considering it as a countdown to bull market.
Sun Pharma and Exide Industries are the top picks. One may prefer buying auto ancillaries over autos, says Pathik Gandotra, Dron Capital Advisors.
Pathik Gandotra, Dron Capital Advisors is bullish on IDFC. He is bearish on REC and PFC.
Growth rates will take a hit, after the RBI’s steep 50 basis points rate hike yesterday, says Pathik Gandotra, Head Broking of IDFC Securities. In an interview on CNBC-TV18, he said this is not the last stop for the central bank and that more rate hikes may be on the cards.
Pathik Gandotra, Head Broking, IDFC Securities is of the view that one can buy Crompton Greaves on decline.
Pathik Gandotra, Head Broking, IDFC Securities is positive on private banks.
The market buckled under global weakness and the Reserve Bank of India (RBI) rate hike. The hawkish RBI policy dragged the frontline indices slipping below key psychological levels.
Pathik Gandotra of IDFC Securities is positive on banks as he thinks valuation of sector has become attractive. In an interview to CNBC-TV18, Gandotra said that concerns in the banking over banking though have reduced but not over yet.
Some analysts believe that India’s FY12 earning would see a fall after the stellar results through FY11, Pathik Gandotra, Senior MD & HOR at IDFC SSKI Securities, however, said he does not see a significant risk to the FY12 earnings and expects 18-20% earnings growth in FY12.
Pathik Gandotra of IDFC Securities is bullish on IT sector. In an interview to CNBC-TV18, he said that return of stability to the US economy will be positive for Indian companies.