India Equities - Return Of The Titans: Dolat Capital
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Dolat Capital Report
The Nifty has carried on its up move (up 10% quarter-to-date) well into the Q3 led by the heavyweights making a strong comeback.
Reliance Industries Ltd. (up 15% quarter-to-date), Hindustan Unilever Ltd., HDFC Bank Ltd., ICICI Bank Ltd. (up 14% quarter-to-date), Tata Consultancy Services Ltd. (up 13% quarter-to-date), Bajaj Finserv Ltd. (up 38% quarter-to-date), Bajaj Finance Ltd. (up 24% quarter-to-date), Bharti Airtel Ltd. (up 31% quarter-to-date), Infosys Ltd. (up 7% quarter-to-date) were the big contributors to the surge.
It did not surprise many participants though since it was long overdue and some of these had actually began to show negative returns on a YoY basis!
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