According to Chakri Lokapriya of TCG AMC, rural consumption and tractor sales are weak, so rural spending is unlikely to pick up in the next quarter. He also mentioned that FMCG stocks are expensive and not worth investing in. However, the hotel sector is expected to do well due to strong demand from the World Cup, holidays, festival season, and wedding season. In the real estate sector, Sobha and Lodha are favored. As for smaller private banks, they have mixed performances and specific issues, while PSU banks offer more opportunities.
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