Investors who have been allotted Avenue Supermarts shares can look at booking partial profits. The floor price for the stock could be somewhere around Rs 450-500.
The house currently has a target price of Rs 3050 on the stock and earnings per share estimate Rs 90 for FY18, said Jubil Jain of PhillipCapital.
An upturn in rural demand is likely to benefit consumer companies and the best two plays in the sector continue to remain Dabur and Colgate, says Jubil Jain of PhillipCapital.
On a day when Parag Milk Foods witnessed a phenomenal listing on the bourses, Chairman Devendra Shah said he's hopeful of getting 10 percent margins soon. Jubil Jain of PhillipCapital is bullish on the company's stock and expects it to double in 3-4 years.