Avoid paint stocks; FMCG stocks look good at current level: Sudip Bandyopadhyay
Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, recommends staying away from paint stocks. As far as the overall FMCG scenario is concerned, some stocks like HUL, Britannia, and others have corrected and look attractive at current valuations. Earlier rural demand was subdued and the companies suffered. Once rural demand picked up, unfortunately urban demand was subdued and they were suffering. But the festive season as well as the next quarter should be good for the FMCG companies and consumption is coming back at least as far as FMCG is concerned. General FMCG, whether it is HUL or Dabur or some of the other companies, even Godrej Consumer, look good at current levels.
These market-related themes have really come back to the fore. I mean, yesterday you had a big breakout on the likes of an Angel One. You had a BSE hold out very well, CDSL, etc. Anything that you find interesting here?
Sudip Bandyopadhyay: BSE definitely looks interesting. The valuation is not cheap. But the way CDSL is moving up and BSE holds a significant stake in CDSL, that adds to the momentum. Of course, the new changes which have been introduced by SEBI benefits BSE more than it does NSE and that is also adding a kind of fat to the fuel. So, BSE definitely, and overall market infrastructure companies from a long-term investor's point of view definitely look attractive. Somebody can buy it and decide to hold it for a long time, and they will keep getting decent returns from these companies even at current levels.
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