Kotak Institutional cautious on FMCG sector

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Kotak Institutional cautious on FMCG sector

Manoj Menon of Kotak Institutional Equities is cautious on the FMCG sector.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Manoj Menon See what other Experts & Brokerages are saying about HUL See messages about HUL

Manoj Menon of Kotak Institutional Equities is cautious on the FMCG sector.

Menon told CNBC-TV18, "We have a cautious view on the FMCG sector. So apart from Hindustan Unilever and ITC we would prefer relatively Godrej Consumer , Glaxo and Marico ."

HUL trailing 12-month (TTM) EPS was at Rs 11.11 per share. (Jun, 2011). The stock's price-to-earnings (P/E) ratio was 28.36. The latest book value of the company is Rs 12.19 per share. At current value, the price-to-book value of the company was 25.84. The dividend yield of the company was 2.06%.