Post recent correction, utilities & industrials looking attractive: Jitendra Sriram

economictimes.indiatimes.com:

Jitendra Sriram, Senior Fund Manager, Baroda BNP Paribas MF, says post the recent correction in the market, the utility space is definitely looking promising because of the energy demand that is coming in our economy and the kind of reactive steps that the utility sector is taking is definitely positive. That looks fairly interesting and even pockets of industrials are looking fairly interesting because the government was a little slow in the first half because of all the election dynamics, code of conduct and all these things.
Further, Sriram says, one needs to keep the auto sector on the radar, but it could still shape up much better than what people are expecting.

What is your take on the FMCG sector because over the last six or three months or so, we have been betting on the FMCG sector and there have been murmurs around the fact that a rural recovery is underway, the urban recovery is already there and maybe things will look better for the FMCG sector?
Jitendra Sriram: It should happen because the monsoons have been fairly normal, and we would expect that at least the rural demand should start picking up.

But obviously, Q2 was too short a duration to gauge that impact. The real story will come through more probably with Q3, the festive season and that is where one would need to take a view on the FMCG sector.

Parallelly, we are seeing some effects of the softness in raw material prices, which is starting to flow through as well. So those should aid going forward.