The FMCG space has emerged a clear defensive sector over the past few months, with investors piling into these companies so as to protect their money. But is this sector over-hyped? Manoj Menon, senior analyst at Kotak Institutional Equities believes that names like ITC and HUL are still a good bet at current levels, but advices investors against the midcap FMCG space.
Talking about companies like Dabur and Marico, Menon says thatDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
