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Dinshaw Irani on where to get compounding in earnings and a big PE re-rating now
"When the core business starts moving up, the re-rating happens and that is what happened in the case of ICICI. The stock is up in a very dull market. So you can imagine what it could have done in a bullish market! We feel this is the sector where the real re-rating happens. Obviously, as things pick up, our consumption sector should also kick in in a big way in terms of re-rating when the demand comes back again."