Vinit Bolinjkar on 3 FMCG stocks that should beat the market
India may see a rotation out of IT stocks and into defensives like Hindustan Unilever, Nestle, and Procter & Gamble, said Vinit Bolinjkar, head of research at Ventura Securities. Bolinjkar claimed that the financial services and insurance market for Reliance, which is expanding its business in the sector, is already crowded with 24 players, meaning Reliance will take time to dominate, and will need a good strategy and growth plan.
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