Bharat Global Developers’ shares fell 5% after SEBI suspended trading and banned promoters due to concerns over financial disclosures. The company’s stock surged 2,304% in a year, with suspicious financial changes and management actions.
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