Stock market guru SP Tulsian of sptulsian.com on Tuesday said fast-moving consumer goods (FMCG) and cement sector look attractive for him.
Talking about the indiscriminate selling in RBL Bank, Tulsian said the private lender has an exposure of about Rs 150 crore to Coffee Day. Investors are exiting and probably this is the pain that has been bothering all the companies. As more exposure is coming every day, banks are taking a hit. Probably, the banks are not the safe place to hide where you talk of IndusInd Bank or RBL Bank or ICICI Bank.”
Talking about paint stocks, “We have been advising that paint results will be seen quite good and we have given a buy call on Asian Paints when it was ruling at around Rs 1,320-1,340. Now, we are advising a caution that remains away from these paints stocks, go for profit booking. I don’t think that you can expect much upside to be seen coming in."