ITC could extend its outperformance in the FMCG space as Antique Broking has recommended a Buy with a target of Rs 563 per share, riding on buoyancy of demand for hotels and the revival in agri business.
Optimism for the Indian equity markets prevails given Nifty has crossed and sustained 8250 level convincingly over the last few session, says Vineet Bhatnagar, MD, PhillipCapital.Â
In times of volatility, the best way to approach the market would be to look at sectors that are aligned to economic growth of the country, says Vikas Khemani, CFA, President and CEO, Edelweiss Securities.
Sangeeta Talwar says rural markets continue to remain big opportunity. She is optimistic on India and believes the India consumption story continues to remain intact.
In rural consumption, there is still some story around it wherein overall rural FMCG consumption continues to grow at about 12.5 percent, says Vijay Udasi, ED at Nielsen India.
In an interview on CNBC-TV18, the Chairman and Managing Director of the company V Vaidyanathan says that interest rates have hurt the consumption story. "The larger point is it has probably affected investments more than consumption."
The FMCG sector which accounts for maximum advertising in India seems to have embarked on drastic cuts in advertising and promotional spends.