At the peak of India's consumer boom, around a decade after liberalisation, talk of two countries-in-one became common in business circles. One was India, living in the cities and enjoying the fruits of a more open economy and the foreign investment it brings. The other was Bharat, the forgotten rural hinterland that still relies on unstable monsoons for income and
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on listed consumer firms published on April 5, equities brokerage firm Jefferies recommends investing in consumer discretionary stocks over those of consumer staples. Jubilant Foodworks, owner of the Domino’s quick-service restaurant franchise, and Asian Paints, India's largest paints firm, are getting their nod over major consumer staples firms like Britannia and Colgate-Palmolive (India). The reason? These stocks are still overvalued.
At the peak of India's consumer boom, around a decade after liberalisation, talk of two countries-in-one became common in business circles. One was India, living in the cities and enjoying the fruits of a more open economy and the foreign investment it brings. The other was Bharat, the forgotten rural hinterland that still relies on unstable monsoons for income and
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Insight-rich storytelling you won't find elsewhere by the finest team of business writers
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on listed consumer firms published on April 5, equities brokerage firm Jefferies recommends investing in consumer discretionary stocks over those of consumer staples. Jubilant Foodworks, owner of the Domino’s quick-service restaurant franchise, and Asian Paints, India's largest paints firm, are getting their nod over major consumer staples firms like Britannia and Colgate-Palmolive (India). The reason? These stocks are still overvalued.