Tata Group’s Trent and Bharat Electronics were poised to join the Nifty 50 index during the September reshuffle, as predicted by IDBI Capital. Trent’s shares increased 84% and Bharat Electronics rose 68% this year. LTI Mindtree and Divi’s Laboratories were likely to be excluded. The index review is based on semi-annual market data, effective from September 30.
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