The People’s Bank of China clarified that it does not intend to ban legitimate investments or trading in government bonds but issued warnings to smaller financial institutions over the risks of rapidly increasing their holdings of long-dated securities.
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