Buy HUL, Dabur, Marico on 3-4% correction: SP Tulsian

SP Tulsian, sptulsian.com is cautious on all FMCG stocks. If any fresh buying is to be made in, they are HUL, Dabur or Marico on 3-4% correction.

Tulsian told CNBC-TV18, “I had been keeping my cautious view on all FMCG stocks, this I have been maintaining my view for last one week or so inspite of that- in fact we have seen the stock price of maybe ITC and HUL hitting the new high or have been going up but today because of some global news from Australia in respect to the cigarette, ITC has corrected.”
He further added, “Maybe further correction of about 3-4% can make the stock to be reconsidered below Rs 250 or so. Similar is a case for the other FMCG also if you really want to take a plunge into whether you talk of HUL or Dabur or Marico so all I will keep probably a correction of 3-4% for fresh buying position to be created in these stocks.”