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Is there merit in looking at contra trades in IT, FMCG or rural facing companies now? Jonathan Schiessl answers
“Some of these staples type names are very well positioned within India. There is obviously an excellent structural growth story with a lot of these names. I am assuming they will still maintain their investment in their brand distribution. Yes, globally, the whole staples names have been underperforming. It is a situation not just in India, but we are seeing it pretty much everywhere.”