Positive On FMCG Sector: Centrum Broking
Ankit Agarwal, fund manager at Centrum Broking, says some FMCG players, who were cautious on spending last year, may increase spending in anticipation of a revival in rural demand on the back of a good monsoon. A pick-up in the rural market is also expected going forward, which would be positive for the space, he adds.
