BofA Securities is OW on financials (cheap valuations, low risk of large earnings cuts), industrials (strong capex/real estate upcycle), select autos (passenger & commercial vehicles on volume growth as well as margin expansion) and healthcare (better pricing in the US, strong India/specialty business).
Will RBI rate hikes intensify selloff in bank stocks? Analysts explain why fears may be overdone
Bank shares have endured steep declines as investors brace for imminent interest rate hikes from the RBI. Some analysts suggest that the recent selloff may