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PSB recapitalisation, foreign borrowing will kickstart the next investment cycle, says Pradeep Kumar Kesavan of Elara Capital

Updated : July 23, 2019 10:44 AM IST

Among sectors, consumption, especially FMCG has been the last line of defense for a long time.
According to them, it is hard to see sectors that are totally immune to macro or domestic turbulences. However, some sectors are more turbulence proof than others!
A combination of slowing global and domestic growth, declining domestic consumption and high valuations relative to historical averages has been dragging the markets down, added Elara Capital.
PSB recapitalisation, foreign borrowing will kickstart the next investment cycle, says Pradeep Kumar Kesavan of Elara Capital
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