Two factors will work in favor of large-cap and mega-cap stocks. First, consumption in the USA hasn’t slowed down. So, the more prominent companies will continue to attract consumers despite a general slowdown across industries. This will benefit large-cap and mega-cap companies in generating steady cash flows.

Redington, India’s largest reseller of Apple products, reported the best-ever revenue growth of 25 per cent to Rs 19050.74 crore from the corresponding quarter last year.

The agreement between Redington and Polycab holds huge significance as Redington will enable Polycab to engage with its large chain of Value – Added Distributors (VAD’s) and drive business through them across different tiers of cities in the country.