SP Tulsian, sptulsian.com is neutral on Marico and Dabur .
Tulsian told CNBC-TV18, "Inspite of the better numbers posted by Marico, Dabur- twins FMCG which you have mentioned I don't think that share prices moving up or is likely to move up because all along if you see the pattern of investments made by the larger investors like the institutional investor, it was more as a hiding space for them whether you take a case of Hindustan Unilever , ITC or maybe Dabur or Marico and now because of the secular run we have been seeing in the other sectors like metal, banking and all that it makes logical for them to move from the defensive to these sectors and that's the reason now we are seeing liquidations happening on the delivery basis."
He further added, "There is no technical interest, there is no trading interest in the FMCG sector at the higher level so probably this trend or this view is likely to continue for maybe next couple of months or so unless and until we see the corrections happening or maybe it is remaining stagnant and the other sectors catches on. So I will be keeping my neutral view inspite of the satisfactory results I would put it in that way."
