One can accumulate ACC, but run-up mostly over; IT to take a backseat: Chakri Lokapriya

TCG AMC’s CIO&MD, Chakri Lokapriya, predicts lower mortgage costs and reduced working capital costs for real estate developers if the interest rates trend down later this year. He advises being cautious around FMCG stocks like Nestle and keeping a watchful eye on RVNL, which recently had a government OFS fully subscribed. Despite a recent correction from uncertainty surrounding Adani holdings, Lokapriya says one could potentially accumulate shares in ACC.