Key Points
Dinshaw Irani, CIO, Helios MF, says people have FOMO, the fear of missing out, but the point is that there are so many stocks in the market, and we have seen that consistently around a third of the market does fairly well, and that is like a huge amount of stocks..
Plus, we have a supplier who supplies to that player, which is a listed player as such, a part of his sales is through that, plus he has got a brand ownership also, fairly well known in the market..
Dinshaw Irani: That could be because these are, again, derivatives, but in the commodity players that you mentioned, we do not like the cement space..
So the fact is that, if India has been the toughest market for QSR space, these guys are supplying to MNC players out here..
In fact, I remember meeting one QSR player, who is an MNC and he was telling me that he even counts the number of seeds on the bun to make sure that the quality does not go awry, even though they are cutting the price on the buns as such...
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