Q3 numbers a concern, mutual funds buy defensives

By

, ET BureauLast Updated: Jan 16, 2025, 05:49:00 AM IST

Synopsis

​​While healthcare and technology gain from a depreciating rupee, retail and consumer durables could benefit as consumption is expected to see a pick-up as retail inflation subsides in the coming quarter.

Domestic fund managers played it safe in December and bought into defensive sectors amid uncertainty over the third-quarter corporate earnings. Healthcare, technology, insurance, and consumer durables were among the sectors in focus.

While healthcare and technology gain from a depreciating rupee, retail and consumer durables could benefit as consumption is expected to see a pick-up as retail inflation subsides in the coming quarter.

Funds bought into stocks like Divi’s Lab, Mankind Pharma, Yatharth Hospitals, Dr Reddy’s Labs, Whirlpool, Infosys, SBI Life, OFSS, Firstsource Solutions, TBO Tek, and MTar Technologies.

Agencies