As demand moves from cyclical to secular, a round of re-rating? 5 stocks from decorative laminates industry with an upside potential up to 41%

While it might not appear on face it, the fact is a large majority of businesses have an element of cyclicality in it. Would you call the FMCG business a cyclical business or a secular business? Largely it would be called secular because, the demand of products is through all the year but the fact is a good or a bad monsoon brings in an element of cyclicality in business because rural demand gets impacted. That is why this concept of YoY and QoQ came to market, so that element of cyclicality is taken care of. But there are some sectors and industries, which were cyclical ten years back, though they are still cyclical but the element of cyclicality has come down. The overall demand has increased which has made their balance sheet look much better than what they used to be and with every passing year the element of secular demand is increasing.