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(November 2010), consumer staples and healthcare stocks led the rally with 83% and 45% returns.
ďAutomobiles, healthcare and technology sectors are at attractive valuations relative to historic averages...Cyclicals are at discount. Global cyclicals are a huge discount to markets,Ē stated the study.
Public sector banks are at 46% discount to historical P/B and 74% discount to market P/B.