Motilal Oswal Financial Services expects most sectors to see sequential margin improvement


Indian stock markets are up for the third consecutive week. Over the past three weeks, Sensex and Nifty have gained 8%.

On CNBC-TV18 special show Editor’s RoundtableGautam Duggad of Motilal Oswal Financial Services said he believed most sectors would see sequential improvement in margins going forward.

“…because crude oil prices are down from their peak and other industrial products are also down 20-30%. So sectors like cement, automotive, consumer , pharma should all post a sequential rebound in margins,” he said.

He remains positive on large cap financials and the insurance sector.

“Large cap financial results have been extremely strong. ICICI Bank was a consensus pick by all analysts, but other than that, stocks like SBI, IndusInd Bank, Bajaj Finance, Cholamandalam performed well. We also like the insurance sector. SBI Life remains our flagship idea and is part of our model portfolio.

Watch the video to learn more.


cnbctv18-forexlive-benzinga -Sp

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button