Nov 02, 2013, 03.33 PM | Source: CNBC-TV18

Keep ITC in portfolio: Nirmal Jain

Nirmal Jain, chairman of IIFL recommends keeping FMCG stocks including ITC in the portfolio.

Nirmal Jain, chairman of IIFL told CNBC TV-18, "FMCG are the companies which are generating 40 percent return on capital employed. What happens that even at 30-40 PE multiple, they maintain PE multiple and the appreciation that one gets is almost equivalent to earnings growth which can be 20-25 percent which is not bad."

"I would say that do not discard FMCG from the portfolio yet. Of course pharma and IT would deserve more weight, but still FMCG should be part of core holding. I would keep ITC in my portfolio," he said.

Set email alert for


video of the day

Nifty to fall below 7500 if Q3 disappoints; GST key: Kumar

Explore Moneycontrol

Copyright © Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of is prohibited.