As foreign outflows continue, BofA Securities prefer defensive stocks more
Updated: 27 May 2022, 01:56 PM IST
TL;DR.
BofA Securities upgraded Staples to 'overweight on their defensive nature and IT to neutral. It also remains 'overweight' domestic cyclicals (Financials, Industrials).BofA Securities upgraded Staples to 'overweight on their defensive nature and IT to neutral. It also remains 'overweight' domestic cyclicals (Financials, Industrials).