“The sharp fall that we have seen in the palm oil prices, some of the soap companies, especially the larger ones like HUL and Godrej Consumers are the two companies where we are very comfortable entering even at current levels. We turned positive on ITC sometime back and the stock had seen the kind of run up especially because of the benefits that it had against some of the traditional FMCG players.”
Indian Bank raises deposit rates by 15 basis points
Indian Bank managing director Binod Kumar had said earlier that the bank does not have surplus liquidity as it shed Rs 10,000 crore of bulk