Key Points
Ashi Anand says: A large part of the consumer space has been struggling for growth..
Anything linked to building materials, especially anything going into real estate, related to piping is doing very well and that is where Polycab fits right in..
But from a slightly longer-term perspective, the Chinese economy is really struggling and importantly, it is the housing sector in China which is really struggling the most..
Now, China has been the core driver of global demand for metals and if the biggest demand driver is really going to be weak, it is really difficult to build any kind of longer-term fundamental call on at least the core metals...
So, anything linked to building materials has actually been doing very well, especially anything going into real estate, related to piping because there is a lot happening in terms of pipe demand both from the government and from the housing sector...
You might be interested in
China expands presence in West Asia's tech, mining, and energy amid strong ties with India
12, Mar, 24China is expanding its presence in the technology, mining, and energy sectors in West Asian nations with ties to India. It is partnering with telecom operators, investing in the mining sector, and offering assistance in space and transportation development.