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Consumer companies form crux of portfolio, says Centrum Wealth Management

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Consumer companies form crux of portfolio, says Centrum Wealth Management

May 10, 2018 7:52 AM

"Consumption remains a favourite theme but it would be stock specific as it is expensive. Both the urban and rural consumption has picked up. Lot of companies that were disturbed due to demonetisation and GST are back on track," said Devang Mehta, Centrum Wealth Management.

"Midcap IT had a dream run post decent numbers in the last couple of quarters and in some of them, the valuations have gotten very expensive. So one must be cautious on them. It is better to be safe than sorry. They can be good holds but not great buys, he said.

Disclaimer:

The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.

First Published:May 10, 2018 4:52 PM IST

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