Buy Nestle India: Avinash Gorakshakar

Avinash Gorakshakar, Market Expert told CNBC-TV18, "One can definitely look at buying Nestle India if one has got a longer term kind of game plan because if one were to look at the kind of valuation that Nestle trades at, I think in the short-term this stock looks fully valued. But, if one were to look at the kind of positioning they have in the Maggi as well as in the package food segment I would presume that this is one of those MNCs which has done remarkably well. In fact they have bounced from the lows very successfully.""Whenever the market corrects one should actually start buying. I would presume one can get good returns only over the next couple of years. I mean in the next one year I wouldn’t be surprised if the stock remains more or less where it is, but near term triggers don’t seem to be there but longer term definitely there could be some good upside," he added.