Consolidation in earnings to keep markets range-bound: Varun Lohchab, HDFC Securities
HDFC Securities predicts strong margin expansion in Q4 and 9% earning growth in FY25. Consolidation in earnings expected to keep markets range-bound. Fresh ideas include IT, steel stocks, cement, building materials. Autos and real estate may peak in FY25. Private banking remains a good space. Rotation expected from overheated sectors to underperforming sectors. Gradual improvement in rural demand.
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