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We expect good margins in the animal feed sector. We have invested a lot in R&D for animal feed. It makes the feed lower cost and more efficient. So, the environmental impact is also less and we are very pleased with our efforts in this area. So, even with high commodity prices, we hope to have good margins because of the efficiency of our feeds.
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So, anybody and everybody can win who can get the supply chain and the unit economics right, but more comfortable in public portfolios in companies which have already demonstrated profitability and growth, so that is the reason why we have Zomato as a preferred pick in this space.
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Around nine equity mutual funds are down by more than 15% from their respective 52-week high NAV.
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