While the rupee has been weakening against the US dollar over the past weeks, the depreciation in the Indian currency has been far more contained than in the previous year. This year, the rupee has shed 0.6% versus the dollar. In 2022, it had depreciated by about 10% versus the greenback.
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