auto and auto ancillaries, pharmaceuticals, capital goods, and non-banking financial companies (NBFC). Among large-caps, many top fund houses cut exposure to HDFC Bank, while some bought HDFC ahead of its merger with HDFC Bank on July 1.
In the auto and auto ancillary sector, analysts estimate that the execution of strong order books and increasing electric vehicle penetration have kept investors’ interest intact in select stocks.NBFCs’ June quarter results showing continued momentum in loan disbursements with stable asset quality made it a preferred pick. In the case of the healthcare sector, Dr Lal PathLabs and Vijaya Diagnostic found their way into portfolios of select fund houses.
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