By Pranati Deva Aug 15, 2019 10:59:41 AM IST (Published)
Reliance Securities maintains a cautious stance for its portfolio with a mix of defensives and focus on quality. The brokerage suggests a model portfolio for investors post Q1 earnings.
The benchmark indices have been very volatile in the last few months with the economic slowdown, liquidity crunch, weak earnings, and global concerns impacting a wide range of domestic stocks.
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The earnings season has been a mixed bag with most consumer companies delivering better-than-expected performance, while the banking, financial services and insurance (BFSI) stocks delivered uninspiring performance.
However, the commentary of most management continues to remain cautious.