Nifty headed towards 19,425 in a year but mid and smallcaps may outperform it: Pankaj Pandey

“We have seen about a 2% cut in Nifty EPS for FY24, over a period of time, for the next two-three quarters, some of this could get reversed. That is why I feel that Nifty could be headed towards 19,425 and that is our 12-month target. But we expect midcaps and smallcaps to outperform Nifty.”