M-cap share of defensives hits lowest level since 2011 : ICICI Securities
ICICI Securities reports that defensive sectors like FMCG, IT, and healthcare have seen their market-cap share drop to a 20% low since 2011, from 30% in 2020. Their profit pool share also plummeted to 16%, while valuations remain high at 32 times P/E. Meanwhile, cyclicals' P/B ratios have (...)
Site référencé: The Economic Times
The Economic Times
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