Market veteran Prashant Jain says it is difficult to conclude how much of the consumption recovery seen so far has been due to pent-up demand, and believes it may take a few months before clarity emerges on the matter.
The CIO at HDFC Mutual Fund – India’s third biggest fund house by assets – says he prefers stocks from IT and pharma sectors, and also has a liking for those banks which are showing no asset quality pain.
