Sell Calls

The Indian stock market has been plagued with several concerns across key sectors, from stretched valuations in pharma and QSR stocks to slowing credit growth impacting auto demand. While FIIs continue to hold large stakes in Indian equities, their selling could weigh on these stocks in the near term, said BNP Paribas. The brokerage expects earnings growth to moderate in FY25, with several sectors facing headwinds. Among its top sell calls, the brokerage has flagged Wipro, SBI Cards & Payment Services, and TVS Motor. Here’s a closer look at the five stocks the brokerage has put on its sell radar.