Buy ITC, Arvind: Sudip Bandopadhyay

Sudip Bandopadhyay of Destimoney Securities told CNBC-TV18, "We have seen ITC getting badly hit. Probably in the recent memory it has never been hit like that. However in the entire FMCG pack if somebody has to buy something for benefits within six months to one year ITC is a stock one can buy. Rural slowdown and things like that doesn’t affect the cigarette sales to the extent which it impacts Dabur or Emami. So, ITC is the stock to buy."

"The other company we have identified and we are bullish on is Arvind. It is a great story, it is getting converted from a denim manufacturer to a branded garments play. Four of their brands are doing great. Some 5-6 other brands they are nurturing, we have a target of around Rs 325 on the stock and we recommend buying it with one year plus time horizon," he said.