FPIs go big on capital goods, consumer discretionary firms

FPIs go big on capital goods, consumer discretionary firms

ET Intelligence Group: Foreign investors are increasingly favouring India’s discretionary consumption and capital expenditure sectors, ramping up equity allocations in Asia’s third-largest economy following a brief pause. The capital goods sector saw the largest increase in weightage among major sectors, contributing 131 basis points to reach 5.71%. The auto sector’s portfolio weight rose by 115 … Read more

Sensex could touch 1,00,000 in 5 years: Sandip Sabharwal

Sensex could touch 1,00,000 in 5 years: Sandip Sabharwal

“There has been a big threat simply because of the fact that paints is a very high margin business. If you look at the operating margins of Asian Paints which is the market leader, they are so high that it makes sense for a disruptor to come in price lower and still make healthy margins,” … Read more