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BNP Paribas Securities’ Sectoral Bets

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September 25: Manishi Raychaudhuri, MD & HoR at BNP Paribas Securities, continues to remain bullish on IT services, which are likely to do well in the Asian market universe. He is also cautious on FMCG stocks as he sees some margin pressures ahead. “We’re more positive on the healthcare and pharma sector but not on consumer staples,” he says. We’re positive on telecom, which is coming out of the competitive era with more pricing disciple and better margins, he adds.