Firstly, the continued rate hikes in the US and US Fed commentary of further rate hikes are making risk-reward unfavourable towards emerging market equities in an environment of heightened geo-political risks.
Madhusudan Kela’s portfolio: 7 stocks rally up to 135% in CY26
Madhusudan Kela’s disclosed portfolio of 19 stocks was worth about Rs 2,665 crore as of August 14. Seven holdings gained 10–135% in 2026, while five