Sectors that PMS expect big returns from in 2024

Fund managers of Portfolio Management Services (PMS) typically opt for a bottom-up approach when constructing their portfolio. However, they also look at sectors in which these stocks fall under to evaluate how the changing macro and other environments could impact their portfolio.
We take a look at the top 10 sectors the PMS managers believe have promising prospects. Source: Finalyca PMS Bazaar. Data as of February 2024.

Capital Goods
Weight of the PMS industry: 11.5%
Top three stocks in the sector: Bharat Electronics, APL Apollo Tubes, and Hindustan Aeronautics

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Consumer services
Weight of the PMS industry: 4.5%
Top three stocks in the sector: Trent, Zomato, and Indian Hotels

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Services
Weight of the PMS industry: 3.5%
Top three stocks in the sector: Interglobe Aviation, CMS Info Systems, and eClerx Services

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