V Chugh positive on FMCG sector

Vijay Chugh of JP Morgan is positive on FMCG sector.

Chugh told CNBC-TV18, "We are still positive on FMCG sector overall. A lot of the performance has been more relative over the last six months or so. Even on current levels this sector has about 20% returns to offer to the investor. So considering that aspect and considering that people are very nervous about markets we feel positive about this sector.”