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Should you buy FMCG stocks on dips?


Should you buy FMCG stocks on dips?
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Last Updated: May 15, 2021, 09:38 AM IST
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FMCG stocks now because they do not have enough business catalysts. Edited excerpts from his interview:
What is your understanding of the strength we are seeing in midcaps and smallcaps?
It indicates that the fundamentals of the broader market is improving. The expectations are being met. A company like Prince Pipes beat EPS estimates by 20-30 percentage points. This quarter will be a fairly good one, especially for export-oriented companies.
What is your reading of the management commentary of Asian Paints?
As a stock, it has underperformed in the recent past and so there is some amount of catch-up trade happening. While the prices of its raw material has moved up along with oil, given the second wave of Covid in Asia there is an indication that oil prices will remain in check. Therefore, prices of raw materials for Asian Paints will also remain i ....

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LIC Housing wins in valuation, but its asset quality a drag: Analysts


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HDFC Bank can rise 25% from here to Rs 2,000 level in 6 months, charts show


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tata motors share: Market Movers: What fuelled gains in NBFCs; 46 stocks give buy signal


MUMBAI: Benchmark equity indices registered their lifetime highs helped by strong cues from global equities and likely buying from foreign portfolio investors, said dealers.
Risk appetite among investors remained strong as they bet on a structural recovery in the Indian economy that may help the country onward to a higher growth trajectory post the COVID-19 pandemic.
Jefferies’ Christopher Wood termed India the “best post-COVID-19 recovery story in Asia”, reflecting the optimism among investors for an economy that has entered a technical recession in the first two quarters of the current financial year due to the pandemic and subsequent nation-wide lockdown. ....

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