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However, globally if things were to start getting difficult from the protectionist perspective, protectionism that is coming in, we will have to look at some of the strengths that we have either internally in terms of consumption, infrastructure or show consumption or some of these companies in the textile and chemical space where we definitely have an advantage which seems slightly more sustainable but otherwise we are getting into a state of vulnerability on the market in terms of valuations.
Anuj: Infosys is a buy or sell at current levels? A: If I have it I would have sold it much earlier but I wouldn't buy a fresh for simple reason that for FY18 we are giving 18 times multiple. If things remain unchanged - that is still high. So Rs 200 is what you can do an upside of Rs 1,220-1,230 as a target. However, Rs 250 at this stage, I do not think Infosys offers great value. I would buy something else if I had to take only that kind of upside.
Sonia: Would you add Britannia Industries more if you had already? A: This is like a belated demonetisation impact that could be felt in January-February-March quarter. I would be very careful with consumption now. However, I think the market will give a chance to buy into some of these highflyers at some stage.
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