Research ReportsQ3 FY25 Results Review — Valuations Still Expensive For SMIDs; Prefer Large-Caps, Says Motilal Oswal
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Q3 FY25 Results Review — Valuations Still Expensive For SMIDs; Prefer Large-Caps, Says Motilal Oswal
Motilal Oswal is over weight on consumption, BFSI, IT, industrials, healthcare, and real estate, while we are underweight on oil and gas, cement, automobiles, and metals.
The recent correction in broader markets factors into some of the potential disappointments in earnings ahead. That said, the valuations for mid and small-caps are still expensive vis-àvis their history as well as versus Nifty-50.