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Expect inflation to be at 4.5-5% by end of FY23 | Sanjeev Prasad, Kotak Institutional Equities
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Speaking to ET NOW, Sanjeev Prasad stated that one can expect inflation to be at 4.5-5% by the end of FY23 and that FMCG stocks remain expensive. He also added, "Seeing a recovery in rural income. Commodity price cool off is a positive for auto; micro seems to be getting better in the auto". Prasad believes that he is not at a level where he wants to buy consumer stocks and that the risk of bond yields going up further is minimal from here on. Speaking about the IT sector, he stated that he was neutral to slightly 'underweight' on the sector. So are we past the bottom? Will markets sustain the rebound? Will India outperform its peers? Watch this interview on ET NOW to find out more.
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