Jun 27, 2012 07:19 PM IST | Source: CNBC-TV18

Marico an investment bet in FMCG space: Sukhani

Marico is an investment bet in FMCG space, says Sudarshan Sukhani, s2analytics.com.

Marico is an investment bet in FMCG space, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “Marico is one of the better FMCG stocks. But it’s not a trading instrument. So anybody who really wants to go into FMCG could choose Marico as an investment vehicle. I have not come across significant gains while trading Marico.”

He further added, “Jaiprakash Associates made a low of Rs 60 and it does appear that it’s best to hold onto that. When a stock that has been in a bear market and that also a popular stock like this begins to build a base it takes a lot of time. So for traders I don’t think they are going to make big money in a hurry, but for an investor this is probably an excellent time to buy the share, hold onto it for two-three years and then probably make much more money than he imagined. So JP to my mind is now a buy on dips stock. Every dip should be a buying opportunity.”

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