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Britain's economy stagnated in the third quarter, showing zero growth, revised down from an initial 0.1% estimate. This slowdown, preceding the Labour government's October budget, is attributed to higher interest rates, weaker overseas demand, and concerns over the budget's tax rises and increased borrowing plans.
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News and Media
Gautam Duggal, Head of Research at Motilal Oswal, sees limited PE re-rating potential, primarily in large-cap financials and capital market stocks. He favors earnings visibility and large-caps, suggesting increased weight on Reliance and HDFC Bank. With earnings growth scarce, portfolio construction for 2025 emphasizes sectors like IT, industrials, and select consumer discretionary areas.
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News and Media
The economy fared worse than previously estimated in the quarter before the Budget, official figures suggest.
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News and Media
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