3 themes Devang Mehta is bullish on for near term

economictimes.indiatimes.com:

«Most of these updates have been rock on, very strong. Some of the numbers in the banking pack has been strong. So, I think overall the commentary as well as the numbers so far have been strong,» says Devang Mehta, Centrum Wealth Management.If you track Godrej Agrovet a word on that or maybe the other FMCG names which are on your top list?I do not track Godrej Agrovet as such.

So, would not be in a position to comment. But yes, I think overall what I feel is the FMCG pack as such has also started to do very well plus the discretionary consumption side, whatever business updates we had so far, I think most of the updates were very strong. So, be it Titan, be it some other companies, be it even some jewellery companies which have come up with their business.

Most of these updates have been rock on, very strong. Some of the numbers in the banking pack has been strong. So, I think overall the commentary as well as the numbers so far have been strong.

And then as such, this is good time for FMCG as well as discretionary consumption to sort of come back as the entire market is now rallying and it is on a broad-based rally rather than extremely narrow or polarised rally unlike 2018-19.I am not sure if you track the Alco-bev industry because after the listing of Sula Beverages, there is a renewed interest as far as that space is concerned, whether it is a Som Distilleries and other names as well, they have seen quite a bit of re-rating. Is this a sector which you consider investable at all?I think no particular coverage on this sort of industry, but as I say it in my earlier question, that most of the discretionary spending again seems to probably be on the rise. Yes, there were certain reports a couple of quarters back that