Some consumer durables stocks have been under pressure. There are two reasons for this. One, in a number of cases the Q2 numbers have been less than street estimates. Two, more importantly, a number of them have large FII exposure. And with FII turning sellers in a big way since early October, there is pressure on these stocks. But this is the short-term story. The long-term story is very different. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
