Add Britannia in portfolio, says Ajay Bodke

Ajay Bodke of Prabhudas Lilladher told CNBC-TV18, "We have been extremely positive for last year and a half on Britannia Industries from Rs 600. In fact for year and a half we have been pushing Britannia and we believe that there is some value still left in the stock with a one year perspective. The margin story continues, the fact that they are moving up, the value chain in so far as their products are concerned also is heartening. We would recommend investors to have Britannia as part of the core portfolio."

"Colgate Palmolive also figured among our top picks. However, our analysts currently feel that it does look a bit toppish as far as valuations are concerned. Hence advocating some caution in Colgate. However, Colgate is one of the few MNCs where the parent holding currently remains at 51 percent. In many of the other majors we have seen parent holding going up all the way to 74 percent. So, that is one tailwind that some investors who are long-term holders in Colgate are betting on," he said.