Over the last 12-18 months, given the sideways trajectory of the benchmark indices, India’s absolute as well as relative (to other emerging markets) valuations have come off. This, in our view, should provide some stability to the markets.
Hot Stocks: Brokerage view on Dalmia Bharat, Axis Bank, Kotak Bank and Aurobindo Pharma
Morgan Stanley reiterated its overweight rating on Dalmia Bharat, while Macquarie advised an outperform rating for Axis Bank. Jefferies sustained a hold rating on Kotak