Ashwini Agarwal prefers private banks and FMCG, cautious on IT and metals
Ashwini Agarwal, Founder & Partner at Demeter Advisors, continues to favour fast-moving consumer goods (FMCG) companies as a defensive play and has turned more constructive on private banks, citing improving macro conditions, healthy credit growth and attractive valuations. He expects these sectors to deliver steady returns over the next few years, while remaining cautious on…
