Of the 492 stocks on the NSE 500 stocks with 200 DMA data available, 268 are now trading below it. Last week’s sell-off has had a bigger impact on the market trend than the weakness in the whole of October when less than 5% of the NSE 500 stocks traded below the 200-DMAs.
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