If we take the forecast from the Global Financial Crisis (GFC) in 2008. It is a popular opinion that Capex’s large sectors can do well in the crisis, given that capital is cheap. 2020 is the year of ASK Investment Managers Ltd. Business Head & CIO Pratik Agarwal said.
“If we look at the performance of CAPEX oriented business, it has not been that good as compared to businesses that are consumption-oriented. Asset-light and free cash flow generating businesses did well,” he said.
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