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PepsiCo has also benefited from its large snacks business that sells everything from Doritos to Cheetos.

The balanced advantage fund category offers a safer approach compared to an aggressive equity portfolio. Fund managers can adjust their exposure to equity and debt based on signals from valuation and trend indicators. Nippon India Mutual Fund currently maintains a net equity exposure of around 41% and has a more conservative approach, with 80% of the equity portfolio in largecaps. The fixed income portfolio has an average duration of three years or below, with 80-85% of assets in investment-grade government securities.

“If you are investing for the long term, then midcaps and smallcaps are more often than not going to give you better returns. If you are looking for a short-term horizon, then midcaps and small caps can be volatile and can be risky. Sometimes largecaps outperform midcaps and sometimes midcaps outperform smallcaps. But for the long term, the Nifty 500 benchmark can be a better choice where you have all the largecap, midcap and smallcap segments.”

The stock quoted a 52-week high price of Rs 627.75 and low of Rs 412.2.

​We have seen announcement from a number of private sector players on their intent to set up fabs in India or to move parts of the value chain to India.

A total of 3,968 shares changed hands on the counter till 12:49PM (IST).

The stock traded at a P/E multiple of 89.45, while the price-to-book value ratio stood at 16.59.

The benchmark BSE Sensex rallied on Tuesday amid a rebound in global markets.

​From there markets did show a decent pullback in trade yesterday itself and today from the word go markets have been buzzing around. So, my sense is there is more upside left in this rally that we are witnessing in trade today.