Quality at any price is out; look for bets in pharma, cement: Daljeet Singh Kohli

“We cannot say the worst is behind because still there is a lot of uncertainty but it is coming to an end, so maybe things like chemicals, pharma where the margin trajectory is likely to improve as the inventory rationalisation happens. In metals, there will be slight improvement because again their inventory cost will go down. In certain sectors like autos, we have already seen where the cost rationalisation has already happened.”

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