Mutual fund managers reduced cash in equity portfolios to a five-year low. This move utilized recent stock declines in banking and IT sectors. Funds like Parag Parikh Flexicap significantly cut their cash positions. They invested in companies with attractive valuations and resilient earnings. This strategy reflects a shift towards deploying capital in beaten-down stocks.
Motilal Oswal sees surging steel prices to offset cost inflation for metal majors. Here are its top stock picks
Motilal Oswal expects firm steel prices, lean inventories and resilient demand to support a shift toward pricing- and cost-led earnings growth for domestic steelmakers. The