What’s the downside risk of hot ‘narrative’ stocks story going to be?
2025 will likely be very different from 2024 with possibly moderate returns from large-cap stocks and flat-to-negative returns for the bulk of mid-cap and small-cap stocks. In the case of ‘narrative’ stocks in capital goods, defence, electricity sectors and PSUs, despite the recent large correction, there is likelihood of ‘large negative’ returns. The Indian market’s … Read more