Motilal Oswal
  • SENSEX
    NIFTY 50
Motilal Oswal
VIDEOS
Market

One cannot afford to overlook FMCG sector at this point, says market expert SP Tulsian

Updated : June 10, 2019 11:24 AM IST

SP Tulsian of sptulsian.com, in an interview to CNBC-TV18 on Monday, said that investors cannot afford to overlook the FMCG sector at this point.

“In the last one month, FMCG stocks have risen anywhere between 2 percent and 8 percent; none of them has fallen in the one-month period. So yes, things are definitely looking positive for FMCG space going forward," said Tulsian, adding that the focus of the new government will be more on the upliftment of rural India.

On Manappuram Finance, he said, “If the news (of insider trading) seems to be right, then it will be having a negative effect on the stock price going forward, but I do not think that should make the stock fall more than 10-15 percent from the current price.”

“Going forward fundamental seems to be in place for the company but this kind of things will definitely be having its effect on the share price as well,” he added.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV