Repo growth fails to dampen attractiveness for rate sensitive stocks

MUMBAI: The Reserve Bank’s second consecutive month of hike in interest rates has not quelled investor appetite for stocks of interest rate-sensitive companies such as banks, real estate and automobiles. but, Analysts warn that forward rate increases This could result in fewer stocks remaining attractive as investors assess the impact of higher interest rates on demand. Analysts are positive on residential developers in the real estate and auto sectors, but less optimistic about lenders. Mahindra & Mahindra, and are seen as more attractive bets at the moment. Sanjeev Prasad, co-head,…