Businesses and thereby sectors which fit in this criteria right now are certain sub-pockets of consumption, particularly in terms of organised value retailing, certain consumer discretionary space and food delivery, quick commerce.
The last two quarters have been pretty suboptimal in the sense the earnings were below 10%, I think so this quarter will be no different
Rana Gupta from Manulife Investment Management sees opportunities in the financial sector despite mid-cycle challenges. He is cautious about industrial capex driven stocks, considering them
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