Look at FMCG space: Dilip Bhat

Dilip Bhat of Prabhudas Lilladher told CNBC-TV18, "Valuations are always very challenging for all the FMCG companies. Purely from the performance angle there are two things which really stands out very clearly. The raw material cost saving probably is kicking in a very big way. The overall volume growth has not been all that good but expecting that gradually there is going to be some recovery in the economy. So, probably that also will play its part on the volume growth.""I think overall as and when the GST comes into play - we all know that it is the organised sector which is really going to make the most of it. So, taking all that into account, despite their expensive valuations these stocks will continue to attract investment and for the right reasons," he said.