Forget New-Age Hype: Quant MF's Tandon Sees Value Stocks Dominating by 2026

• Quant MF's Sandeep Tandon predicts a significant market shift by 2026, moving from over-hyped new-age companies to undervalued old-economy value stocks.
• The shift is driven by a global "structured bull run of interest rates" leading to P/E contraction and the end of extraordinary global liquidity.
• Tandon holds a "relatively more constructive" view on India due to its underperformance, good macro picture, and declining beta.
• He is "extremely bullish" on the pharmaceutical sector (generics, CDMO, biologics) and sees insurance as a "bottom-fishing opportunity."
• Other attractive sectors include large-cap energy, infrastructure, power, select NBFCs, and FMCG (food processing).

Why It Matters: Quant MF's Tandon advises investors to shift from new-age hype to undervalued old-economy stocks by 2026.