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HDFC Securities is positive on these 4 consumer durables
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HDFC Securities is positive on these 4 consumer durables
Oct 22, 2020 4:09 AM

How will the consumer durables sector perform this quarter? In CNBC-TV18’s special segment ‘Quarter Se Quarter Tak’, Naveen Trivedi, AVP - Institutional Research, HDFC Securities said that companies with higher B2C share will do well.

“B2C part, where the growth was pretty encouraging, if you look at across segments, there has been improvement. Tier-II and tier-III cities were already doing good, the latter half of the quarter what we also noticed that metros have also started doing well. So, that way the companies where the share of B2C is higher, they will be able to do well,” he said.

According to Trivedi, the bigger players will continue to gain market share. “We are on positive on Havells; we have add rating on Havells, Voltas, TTK Prestige, and Crompton,” he said.

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