powerfulpicks stock opinion: Capital goods sector is thriving on India's consumption story. With disposable income increasing at a rapid rate for rural and small town population, electricity being made available in remote parts of the country and with awareness about consumer durables being driven aggressively forward by the companies, the capital goods sector may see a spurt in sales and margin in the next few quarters at least. Companies like IFB and Whirpool should do quite well.
IFB need to consolidate a bit for the next big up move and in the interm the script may slip to around 142, where fresh buys can be made. Long term 1 year target for IFB is 202.
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