What would you call a company which makes both, water geysers and electrical wires, a white goods or electrical goods company. From the year 2015 to 2020, companies with strong brands in different sectors which were considered as commodity plays got re-rated by the street. The expansion in price earnings multiples of these companies led to big wealth creation. For the last three years, with some more companies getting listed in the same sector and some headwinds emerging we saw these companies consolidating between a very broad range. Are they close to a fresh breakout?
