Why Porinju Is Bullish About Future Consumer Stock
Posted: Thu Feb 16, 2017 1:11 pm
shares of group firms such as Future Consumer, Future Retail and Future Enterprises, have been on a tear since the start of the year, with prices more than doubling.
Last week, Porinju Veliyath, MD and portfolio manager, Equity intelligence India, told CNBC-TV18 that the organized retail sector was at an inflection point when he started buying shares in the firm and that it is now staring at years of high growth ahead.
Veliyathâs Kochi-based Equity Intelligence runs a PMS fund that is billed amongst the best performing over the last decade. It started buying shares of Future Consumer at a price of Rs 10 a few years back, from where it has grown nearly three times. (The fund holds 12 percent of its corpus in the scrip.)
http://www.moneycontrol.com/news/stocks ... 58441.html
Last week, Porinju Veliyath, MD and portfolio manager, Equity intelligence India, told CNBC-TV18 that the organized retail sector was at an inflection point when he started buying shares in the firm and that it is now staring at years of high growth ahead.
Veliyathâs Kochi-based Equity Intelligence runs a PMS fund that is billed amongst the best performing over the last decade. It started buying shares of Future Consumer at a price of Rs 10 a few years back, from where it has grown nearly three times. (The fund holds 12 percent of its corpus in the scrip.)
http://www.moneycontrol.com/news/stocks ... 58441.html