FMCG to outperform in near term; bet on Bata, Marico and Nestle: Sanjiv Bhasin
«You have got a good rainfall, inflation is under control and I think the choice and aspiration of growing to bigger banks is growing. I continue to think Hindustan Lever on any correction, so as Marico and Nestle, but our two outperformers there are going to be Bata and Patanjali,» says Sanjiv Bhasin, Director, IIFL Securities.
Are you smiling all the way saying, I told you so, ABFRL, Idea, those are some of the stocks that you just recommended.
I told you, bring me when you are up 700 points, not 150 points, and that is what we did by the end of the day, so kudos. And ABFRL was rocking along with Idea. So, who says you cannot make money? All you have to do is watch ET Now. Yes, I think we have made that sharp recovery. Maybe we plateau here for a few days. You need digestion. FIIs outlook will keep rotating on sectors. But sectoral outperformance is there. You are getting a trading opportunity in some of the PSUs and we continue to think AB Birla Group is being re-rated and that is going to be a star performer this year.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Chief Technology OfficerVisitIIM LucknowChief Executive Officer ProgrammeVisitIndian School of BusinessISB Chief Digital OfficerVisit One cannot ignore the move that we are seeing within the entire FMCG, liquor basket as a whole. Do you believe that this is sort of just a flash in the pan move or there is something real here?
Well, both sides. I mean, I have been advocating lever at
