Why Sanjeev Prasad doesn’t expect manufacturing to be a big theme in the current market
Kotak Institutional Equities' Sanjeev Prasad believes there are currently few viable manufacturing plays, and little chance of interesting manufacturing companies getting listed in future. Prasad expects recovery in demand for consumer discretionary items in 2-4 quarters, but is more positive about consumer staples as job recoveries improve. Despite being positive overall on manufacturing and construction, Prasad cautioned that the lack of listed companies in the sector.