- Wealth PMS (50L+)
Coal India rose 5.7% this week extending its yearly gains to 67%. Yes, that’s right. The slow and good-for-dividend-only stock zoomed up the past year.
The IT pack (TCS, Infy, Wipro) is struggling because of a potentially tough winter (literally & metaphorically) in the west. Add to this inflated salaries and decreasing margins. It will be interesting to track this sector over the next 6 months on how it tackles these challenges.
Crude seems to be the only thing that moves week after week. It closed 5% up this week while other macroeconomic indicators did little.
The Sensex PE ratio, in comparison to the long-term range, indicates that the Sensex 30 is at an attractive level to buy into.
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