These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 25%

It might just be a coincidence, but the recovery in the equity markets and precious metals happened simultaneously on Monday. Are we reaching a stage where, for some time at least, the correlation may continue? These developments are important from the perspective of understanding the liquidity equations impacting the market, but finally what matters to the street is earnings and the quality of balance sheets. More than anything else, it will be important to keep an eye on the fundamental developments taking place in a sector. And there are many where things are changing for good – and bad.