The Budget’s capital gains tax changes caused a stir in the market, forcing sell-side analysts to defend their optimistic stock valuations despite the negative tax impact. This added to existing challenges in the market.
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