News From Press Prashant Jain defends PSU picks, says consumption sector extremely expensive

Prashant Jain defends PSU picks, says consumption sector extremely expensive

HDFC Mutual Fund CIO highlights oil and gas PSUs, power utility companies and engineering companies continue to be undervalued

Source: Mint Jun 30, 2021

In an online interaction with investors, Prashant Jain, Chief Investment Officer (CIO) at HDFC Mutual Fund highlighted that consumption stocks are extremely expensive. According to Jain such companies have shown strong growth but their multiples do not justify the growth. However he highlighted that oil and gas PSUs, power utility companies and engineering companies continue to be undervalued.

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