“Whenever consumer stocks correct 20% odd from the top, we take a look. Asian Paints has its own issues going because of the entry of Grasim into the paints sector, growing competitive intensity and to that extent, it is a different story. But possibly something like Dabur, Godrej Consumer or Britannia, are the stocks we can buy at lower levels.”
The ₹1,838-crore issue of Devyani International, the operator of quick-service restaurants (QSRs) such as KFC, Costa Coffee and Pizza Hut, was subscribed 117 times on the final day, generating demand of ₹1.18 lakh crore.