Key Points
Nitin Raheja discusses challenges faced by OMCs, the pressure on HDFC Bank, re-rating of defence stocks, performance of upstream oil companies, and the positive outlook for the pharma sector..
It is only a question of when you start seeing the flow ease off and I think that will happen sooner than later.ETMarkets.comThe whole process of re-rating has already taken place in almost all of the defence stocks..
Nitin Raheja, ED, Julius Baer Wealth Advisors, says oil prices are never fully sort of passed on..
Some of the funds have been parking money into it in the last month or so.. Nitin Raheja: HDFC has borne the brunt of it as such but clearly, we are getting to that stage where although the quarterly numbers have gone in line with expectations, the whole liquidity flow that is coming in is keeping them depressed..
They are gradually getting to a place where they are getting attractive by the day and it is a matter of time where you start seeing somewhere this whole bottoming out effect because right now again if we look at it from a consensus perspective, the view has again become very negative and even the hope trade that was earlier being played out is not happening...
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