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Auto sector weightage in FPIs portfolio at a new high in July

2024-08-07 04:04:04| The Economic Times

Foreign investors have ramped up their investments in the Indian auto sector, buoyed by strong earnings and improved cost management. In July, the sector's weightage in FPI portfolios reached a peak of 8.10%. Projections estimate an earnings growth of 15-18% this fiscal year, enhancing the sector's appeal amidst higher overall market valuations.


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