“Consumption as a theme, I have always liked and I don’t see that changing for the next decade,” Rahul Arora, CEO of Nirmal Bang Instl Equities said in an interview to CNBC-TV18.
“For the better part of this year they have been ranked underperformers, but I still think that there is enough and more money to be made in lot of these consumption names,” Arora added.
Talking about big bets of Nirmal Bang for next 10 years Rahul said, “I think Bata is definitely one name that I will bet on for the next 10 years, it is a fantastic franchise, the return ratios are good, and it is not the most expensive stock in the world.”
“For the next 10 years Hindustan Unilever would be my top pick, out of Lever, Britannia Industries and Nestlé.”
Nirmal Bang is also betting on real estate and home improvement segment. “In real estate month-on-month things are getting better. We are slightly more positive on the ancillary plays to that so have been buyers in cement. So names like UltraTech Cement for example is something that we really like. Among the smaller ones something like Birla Corporation, we have been liking Jk Cement and JK Lakshmi Cement for a while.”
Watch this video for more details
Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.