Maintaining a target of 27,500 for Nifty, 15-16% CAGR earnings growth for next 2 years: Pankaj Pandey

Pankaj Pandey of ICICIdirect notes Nifty's expected growth amid market corrections, projecting 15-16% CAGR in earnings. Despite a soft first half and mixed sector performance, optimism remains for the second half. IT sectors show no fireworks, with auto companies facing valuation challenges. Hyundai IPO's lukewarm reception is attributed to high valuation and a large offering size.