Overweight on discretionary, says Neelkanth Mishra

we cut our long-standing overweight on consumer staples and deepen our underweight on IT and healthcare. We stay overweight on discretionary but two-wheelers may hurt, says Neelkanth Mishra of Credit Suisse.

October 10, 2016 / 08:35 IST

Neelkanth Mishra of Credit Suisse said, "We raise weights on housing finance companies and private banks. We also add to construction companies as profitability could be positively impacted, given interest and labour are 40 percent of total costs.""To fund these, we cut our long-standing overweight on consumer staples and deepen our underweight on IT and healthcare. We stay overweight on discretionary but two-wheelers may hurt."

first published: Oct 10, 2016 08:35 am

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