Mohan Krishnaswamy, Head of Equity Research, India, RBS Equities said the consumer stocks in general are seeing a lot of interests because people are moving more into defensives. “I would imagine for the time being these stocks probably have limited upside because the rerating has been very significant.”
In an interview with CNBC-TV18, Mohan Krishnaswamy of RBS Equities said cigarettes should post 15-16% revenue growth in this quarter. He sees healthy top-line and bottom-line growth in revenues of ITC.
The cement sector has been reeling under pressure of-late. However, it appears that the sector is on the upswing and its prospects could be good in FY12.