“Most retail investors have bet on the company seeing the overall rally in the PSU space,” said Avinash Gorakshakar, the head of research at ProfitMart Securities. “But if execution is not proper, the shares will see a speed-breaker. Markets are buying into the narrative right now, the numbers are yet to follow,” he said. BHEL shares have surged more than 40% in November alone with steady volumes and closed at ₹183.45 on Thursday.
Gautam Duggad sees PE re-rating potential in 2 sectors; likes largecaps & may raise weight in Reliance
Gautam Duggal, Head of Research at Motilal Oswal, sees limited PE re-rating potential, primarily in large-cap financials and capital market stocks. He favors earnings visibility
December 23, 2024