Naveen Kulkarni of PhillipCapital said, "As inflation challenges can arise in the medium-term, and there are expectations of a populist Budget, rate cuts are more likely to be deferred. Recommend buying inflation protection plays like consumer staples, exports, and commodity plays which can deliver portfolio alpha.""Add Hindustan Unilever (HUL) to model portfolio in place of Dabur India and increase weight for Infosys and cut position in Idea Cellular. Within exports theme, top picks are Infosys, Sun Pharma, and Aurobindo Pharma," he added.
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