JM Financial backs discretionary over FMCG; jewellery, footwear top Q3 picks
JM Financial's Gaurav Jogani expects consumer discretionary to outperform in Q3, led by jewellery, casual footwear and grocery. Trent stays a strong bet, Metro Brands and Campus Activewear seen recovering, while QSR remains pressured amid GST and demand shifts.
JM Financial's Gaurav Jogani expects consumer discretionary to outperform in Q3, with jewellery, casual footwear and grocery as top picks. Trent stays strong; Metro Brands and Campus may recover; QSR remains under pressure amid GST and demand shifts.
Why this matters
JM Financial signals a Q3 tilt toward consumer discretionary names like Trent, Metro Brands and Campus Activewear, while flagging continued QSR weakness tied to GST and demand shifts.
retail-company signals steady at 4,150 over the trailing 90 days.