04 Oct 2025 | 3 Mins Read
Defensive stocks' market cap share hits 2024 low
Flipitmoney
ICICI Securities report stated that defensive sectors' market-cap share fell to 20%, its lowest since 2011, from 30% in 2020. Their profit pool share dropped to 16% from 40% in FY21, and is expected to hit a historical low of 14% over two years, with defensives' elevated valuations and high trailing P/E ratios.