Brokerages favor old-economy, banking and finance stocks
In short
Brokerages’ Deepavali picks were mostly old-economy, banking and finance stocks.
Analysts were not keen on Infosys, TCS, Wipro, Reliance or Jio Platforms. The picks suggest more interest in financial and traditional businesses than in some large tech and conglomerate names.
What the reporting says
Brokerages’ Deepavali picks were led by old-economy, banking and finance stocks, while analysts were not keen on Infosys, TCS, Wipro, Reliance or Jio Platforms, according to a BusinessLine summary. The report points to a preference for cyclical and financial names over large IT and conglomerate stocks.
Why it matters
Brokerages’ Deepavali stock picks leaned toward old-economy, banking and finance names, while Infosys, TCS, Wipro, Reliance and Jio Platforms did not attract interest in the BusinessLine summary. The contrast suggests a shift in short-term brokerage preference toward financials and traditional sectors. No portfolio details or price targets were included in the source brief.