In an interview to CNBC-TV18, market experts Mitessh Thakkar of mitesshthakkar.com and Prakash Diwan of prakashdiwan.in spoke about how markets fared in trade on Monday. They also spoke about specific stocks and sectors.
On the FMCG space, Thakkar said, “We have had sell calls at various timeframes baring Hindustan Unilever (HUL). Dabur and Marico have been on the sell list for quite some time along with Colgate. HUL is the only one which could offer some hope given the fact that Rs 1,650 was the level where the stock had bottomed out in first week of April and is back to those levels. If it holds them, then there would be chance of a reversal.”
Answering a viewer query on Godrej Consumer, Diwan said, “It is a brilliant business, there is no doubt about it. All of us probably use some or the other product of theirs at every stage of life. Unfortunately its recent years the growth has been slightly tepid. They have made some acquisitions globally which have not paid off and the cost has been significantly high. If it were to go below Rs 600 zones or closer to Rs 570-580 because of a rerating on a P/E contraction, I think it would start featuring as a value buy at that stage.”Follow stock recommendations by Mitessh Thakkar here:
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.