Prefer FMCG stocks, says Parag Doctor

Parag Doctor, Keynote Capital is of the view that, one can prefer FMCG space to park their money.

Doctor told CNBC-TV18, "We are comfortable with certain sectors which have outperformed the broad markets like pharmaceuticals, media stocks even cement stocks for that matter. Any stock which is kind of low beta or around beta of one which has a chance of going up steadily in the next bull run these would be the best places to park your money right now, even FMCG for that matter. So, we would be advising get into these defensive names as of now, wait for the Nifty to cross the historic high and then get back into the rate sensitives and the infra names." Disclosure: I don't hold personal holdings in any of the names discussed.