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 and large-caps, suggesting increased weight on Reliance and HDFC Bank. With earnings growth scarce, portfolio construction for 2025 emphasizes sectors like IT, industrials, and select consumer discretionary areas. 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 and large-caps, suggesting increased weight on Reliance and HDFC Bank. With earnings growth scarce, portfolio construction for 2025 emphasizes sectors like IT, industrials, and select consumer discretionary areas.  Economic Times