HDFC Securities believes that FMCG sector valuations continue to derate amid weak earnings visibility and a waning moat, hence the brokerage maintains its underweight stance and see performance improvement as critical for valuation.
HDFC Securities believes that FMCG sector valuations continue to derate amid weak earnings visibility and a waning moat, hence the brokerage maintains its underweight stance and see performance improvement as critical for valuation.
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