Kotak has increased weights by 20 bps on Britannia Industries and GCPL to 1.5% each while reducing weight on Macrotech by 40 bps to 1.5%, it said in a note. A sharp increase in profitability over 2HFY23-1QFY24 has sustained valuations of consumption-related stocks despite volume growth remaining “fairly disappointing”, the Kotak note said.
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