My view is that it is a bear market rally in the US. The reason to be sceptical about the rally in America is that you have a double whammy – tightening of higher rates and shrinking balance sheets – which is negative for liquidity.
Motilal Oswal initiates coverage on KPR Mill, 7 other textile stocks with up to 43% upside. Own any?
Motilal Oswal has initiated coverage on eight textile companies, turning bullish on Gokaldas Exports, Indo Count, Arvind Fashions, Pearl Global and Welspun Living. The brokerage