@AlliesFin
#Nifty #PE may not fall much.
Earlier, #Britannia replaced #HPCL, now #Nestle will replace Indiabulls.
All #high PE #FMCG stocks are replacing #traditional #business so that #artificially Nifty can hold high without representing the overall #market condition.
Over all new FMCG weightage 13% #AlliesFin
By: via @AlliesFin Serve T.ME/ALLiESFiN
