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Have an underweight stance on ITC, says Rahul Arora

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Have an underweight stance on ITC, says Rahul Arora

Rahul Arora, CEO, Nirmal Bang Institutional Equities, discusses with Latha Venkatesh, Surabhi Upadhyay, and Ekta Batra his analysis on the fundamental side of the market as well as specific stocks and sectors.
On the floor test announced by the Supreme Court, Arora said, "If you see the high point of the Nifty after the Karnataka election verdict came out, the Nifty was at 10,950. It is already down to 10,650."
"Somewhere, the market has put in the past that the BJP, if it does not form the government in Karnataka, the worst is already in the price. You probably get another 50-100 points on the way up if they do; I do not think it is going to be much more significant than that.”
On the fast-moving consumer goods (FMCG) staple side, Arora’s top picks are Hindustan Unilever (HUL), Nestle, Britannia, Jubilant Foodworks and Gillette India respectively.
Arora has an underweight stance on ITC.
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