Sensex and Nifty recovered after a six-day slump with major gains in Trent, Sobha, and SpiceJet. Trent’s stock shows potential for further upside, Sobha is seen as a good long-term buy, while SpiceJet is recommended to be avoided due to low trading volumes.
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