The group’s market cap has fallen 41 per cent from Rs 38,912.06 crore on December 31, 2018.
With political uncertainity easing, traders are focusing on corporate earnings.
This is the second time in this year that stock has seen a sharp drop.
"From 2021-22, EMs will be better because US market & tech stocks would be off their peaks."
India is definitely not a cheap market. I am overweight on India, says Wood.
Analysts are cautious on how much the rally is likely to stretch further.
The BSE Small Cap index has fallen 14 per cent in the last one year.
The strong mandate, participants say, is likely to help the government execute reforms smoothly.
For the sentiment to sustain, government has to deliver on economic reform agenda, says Memani
Financials, auto and consumer companies led the outperformance during this period.
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