INSUBCONTINENT EXCLUSIVE:
Porinju Veliyath, popularly known as smallcap czar on Dalal Street, has recently picked stake in largecap ITC, expecting the FMCG major to
report 20 per cent CAGR in the next 5 years
He disclosed this during an interaction with CNBC TV18.
Stock of ITC closed 1.02 per cent up at Rs 267.20 on Tuesday whereas benchmark
Sensex extended its rally for the ninth consecutive session
The 30-share pack closed up 90 points, or 0.26 per cent, at 34,395.06.
Consumption, he feels, is still the best theme to play in the country
biggest investor Life Insurance Corporation of India held 16.22 per cent stake in ITC, as per latest shareholding data filed by the company
The value investor is still loading up on Tata Global Beverages
He also finds Tata Coffee and Indian Hotels as attractive bets
Kenyan teas that made Indian teas more competitive in the global market
Tata Global Beverages settled 0.25 per cent up at Rs 280.10 on April 17 whereas Tata Coffee and Indian Hotels rose 2.97 per cent and 5.26
per cent to Rs 130.05 and Rs 147.20, respectively.
His advice for investors Stay selective with non-banking financial companies.
