After selling metals and mining shares worth ₹7,000 crore in August, FPIs offloaded another ₹4,556 crore worth of shares in the sector. Overseas investors also sold power shares worth ₹4,153 crore after they allocated a dominant ₹11,563 crore to the sector stocks in August.
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