Cyclical, value stocks to ride upcycle: ICICI Securities

After a decade of underperformance, capital intensive, cyclical and value stocks are likely to outperform going ahead as India enters a strong cyclical recovery post the Covid-19 pandemic, said ICICI Securities in a note. The brokerage said outperformance in the market since March 2020 is being led by cyclical and capital intensive businesses such as metals, real estate, power, auto and consumer durables.

via Economictimes

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