Avoid fresh buy in IT, rural demand may play spoilsport in FMCG: Sudip Bandyopadhyay

Inditrade Capital’s Sudip Bandyopadhyay is not recommending buyers to most IT companies for now while being optimistic about residential and commercial realty space. Bandyopadhyay also advises investors to not expect quick returns from defense stocks as they are a long-term option. Meanwhile, the rural demand for FMCG products, two-wheelers, tractors and automobiles has been affected and if El Nino affects the progress of monsoon, it could dampen agricultural production further, leading to dampened rural demand. Also, the value unlocking opportunity in Reliance is significant, making it a great buy at current levels.