Indian markets are currently trading at a premium to 10-year averages and seem quite balanced as it factors in a sharp revival in growth, says Aggarwal.
The current bout of uncertainty makes it difficult to judge the actual impact of COVID-19 on consumer demand and corporate profits in the medium term, says Aggarwal.
While Amnish Aggarwal, Senior VP-Research at Prabhudas Lilladher, likened D-Mart‘s go-to-market strategy with global retailer Walmart. market expert SP Tulsian of sptulsian.com said the price band makes Avenue Supermarts IPO very attractive.
In an interview to CNBC-TV18's Sonia Shenoy & Reema Tendulkar, Varun Lohchab, MD & Head of Research at Religare Capital Markets, Abneesh Roy, Associate Director at Edelweiss Securities and Amnish Aggarwal, Senior VP-Research at Prabhudas Lilladher did review FMCG space for 2016 and how 2017 will pan out for the sector.
GST will not affect the markets for the next 3-6 months, Rahul Singh of Ampersand Capital Investment, adding that the earnings will also not be affected till atleast the second half of next fiscal.
While Prabhudas Lilladher has been cautious on the stock, it continues to maintain its reduce rating and has a target price of Rs 700.
Amnish Aggarwal of Prabhudas Lilladher has cumulative rating on the stock with a price target of Rs 413 per share.
After enjoying decades of monopoly across different categories in the food market with it its flagship brand Maggi, dairy whiteners and coffee Nestle India seems to have lost its mojo.