In an interview with CNBC-TV18, Anand Shah, the Head of PMS and AIF Investments at ICICI Prudential AMC, listed some of the key ingredients in stock picking.

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Shah said, “One of the key ingredients we look for in our stock picking is consolidation in the industry. I think aviation, hotels, and even telecom – they are all fit in terms of increased pricing power for the manufacturers and less of the pricing power for customers like you and me and to that extent we would be, in years to come, paying more for these services.”

He pointed out that in the quick-service restaurant (QSR) home delivery sector, the services offered by both Zomato and Swiggy are widespread and extensive.

“You can get delivered anything and everything and it's not only pizzas that used to be a decade back. It’s a tough business and a very difficult one indeed to crack and continue to maintain leadership.”

ICICI Prudential AMC prefers banks over non-banking financial companies (NBFCs).

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(Edited by : Shweta Mungre)

First Published:Oct 4, 2023 5:55 PM IST