You believe there is going to be this big shift from the unorganised sector to the organised sector. I like the ITC cigarette business but I do not like how they have not been careful about the capital allocation? Another contra theme is the steel sector. You are going to see the 15 million tonne plus guys become 25 million tonne, 35 million tonne. In that case, you are going to really have very large players taking wings in the Indian steel sector and that is something to be watched very closely.

Source: Economic Times December 01, 2017 06:00 UTC