Street signs: Coronavirus scare, arbitrage opportunity in DMart, and more

Fund managers are planning to book profits in poultry and quick service restaurant (QSR) stocks, fearing an adverse impact of the coronavirus outbreak. Experts say people have turned averse to taking out, especially meat products, following the outbreak. Analysts say this could weigh on the March quarter earnings of companies, which  operate in this sector. “Restaurants are seeing a fall in footfall after the outbreak. People are, in general, wary of eating out and are avoiding meat products. This will be reflected in the next quarter numbers of these companies. Already most stocks in these sectors trade at rich valuations.