Good time to look at ICICI Axis Bank, FMCG likely to underperform: Nomura

The current market correction is looking worse than the one during 2008 financial crisis because of the way the stocks have fallen. Financial stocks have corrected quite significantly and this is a space where we are taking a slightly longer term view. But we are underweight on the consumer space because of valuation. View on the FMCG space.

Apr 01, 2020 11:04 IST Source : MoneyControl

Axis Bank
The current market correction is looking worse than the one during 2008 financial crisis because of the way the stocks have fallen. Financial stocks have corrected quite significantly and this is a space where we are taking a slightly longer term view. But we are underweight on the consumer space because of valuation. View on the FMCG space.

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