Chakri Lokapriya says this consumer stock could be outlier for FY24

Shoe brand Bata is looking to expand into lower-tier digital sales as the stock trades at a historic low multiple, according to Chakri Lokapriya, CIO & MD, TCG AMC. Meanwhile, Reliance is said to be undervalued and could become a top asset for investors, along with State Bank of India and Bank of India. Consumer stocks, such as Bata, could be an outlier stock for FY24 as the flight to safety increases people’s need for staples.