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Like food over detergents and personal care in FMCG: Centrum's Nischal Maheshwari

Updated : October 15, 2020 03:29 PM IST

Nischal Maheshwari, chief executive officer, Institutional Equities at Centrum Broking on Thursday said in the fast-moving consumer goods (FMCG) sector, he is more bullish on the food side of the business than on the personal care and detergent side.

"Our top pick there still remains to be Britannia. We are more focused on food. We continue to believe that will be the major driver in the sector. Britannia, ITC, and Nestle – in that order,” Maheshwari said.

In the cement sector, Maheshwari likes Ultratech, Ambuja Cement. Among midcaps, he is bullish on Orient Cement, "Cement as space is coming back. People are playing cement. Besides Ultratech, we like Ambuja Cement and in the midcap space, we like Orient Cement,” he added.

In banking, he is bullish on the State Bank of India. His top picks in the pharma space are Dr Reddy’s Laboratories (DRL), Aurobindo, and Sun Pharmaceuticals.
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