Pankaj Murarka, founder of Renaissance Investment Managers, on Wednesday said it's seeing a strong resurgence of demand across the world.

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In an interview to CNBC-TV18, Murarka said, "Post Diwali, we are seeing demand is pretty much holding up and it is pretty robust, so there is something more to the demand than just being sheer pent-up demand."

He said, "We are constructive on the demand recovery in the economy. Aditya Birla Fashion is one of the largest branded retail player in India. As and when demand recovers, our view is that there will be massive consolidation that will happen amongst the branded players and being the largest player, they should be a big beneficiary of that."

According to him, Tata Motors has gone under a significant reorganisation in the last four-five years, "Tata Motors today is very different than Tata Motors four years back. It is a classic play on very strong recovery in the domestic Indian economy. When the economy recovers, they should be the biggest beneficiary of that."

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(Edited by : Jomy Pullokaran)

First Published:Dec 9, 2020 6:08 PM IST