Mahesh Nandurkar on how to play consumer staples, telecom and new age tech cos now

“Most of the last 18 months or so we have been running with a very big underweight on it but now we have raised consumer staples sector to neutral because while the multiples are still high, we still get growth visibility and good quality management and ROEs. If we get some negative surprises on the rate hike front by the Fed, the staples companies will be a good place to hide.”

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