💼The ongoing trend of largecaps outperforming mid and smallcaps is likely to sustain, going forward.
💼FII selling and the countervailing trend of DII buying is likely to continue.
💼This will impart strength to largecap financials, particularly banking stocks like HDFC, ICICI, Axis and Kotak which are fairly valued in this market with elevated valuations.
💼Investors need not rush to buy the beaten down mid and smallcaps since there is more pain left in this segment where valuations continue to remain very high.
💼There can be individual cases of sharp rebounds in this segment.
💼Zomato’s Q2 results indicate continuing acceleration in revenue and profitability. This is a stock to watch.
💼In the coming days the market will be looking forward to the outcome of the US presidential elections and its possible impact on the market.
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Posted on : 23 Oct 2024 9:41 AM
