Dipan Mehta, Member at BSE & NSE told CNBC-TV18, "We are positive on banks, FMCG companies, auto, auto ancillary and one could add pharmaceutical to it as well as a bit of hedge in case the rupee depreciates even further and there are lot of good quality companies, go with the top three-four in each of these sectors. There is still lot of potential in terms of growth for these companies although I keep on fretting about the valuation and price earning multiples but one does hope that growth will catch-up in 2015 and beyond." At 13:58 hrs ICICI Bank was quoting at Rs 353.50, down Rs 1.90, or 0.53 percent. The share touched its 52-week high Rs 366.30 and 52-week low Rs 188.85 on 04 December, 2014 and 04 February, 2014, respectively.
Monday, 22 December 2014
Dipan Mehta positive on banks, FMCG, auto space
Dipan Mehta, Member at BSE & NSE told CNBC-TV18, "We are positive on banks, FMCG companies, auto, auto ancillary and one could add pharmaceutical to it as well as a bit of hedge in case the rupee depreciates even further and there are lot of good quality companies, go with the top three-four in each of these sectors. There is still lot of potential in terms of growth for these companies although I keep on fretting about the valuation and price earning multiples but one does hope that growth will catch-up in 2015 and beyond." At 13:58 hrs ICICI Bank was quoting at Rs 353.50, down Rs 1.90, or 0.53 percent. The share touched its 52-week high Rs 366.30 and 52-week low Rs 188.85 on 04 December, 2014 and 04 February, 2014, respectively.
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