Prefer Godrej Industries, Godrej Consumer, HUL, Bajaj Finance: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, “The big macro tailwind ITC had was that GST was somehow bringing down tax rates. But now with all the rationalisation, the winds are out of its sails. So, there was nothing special about ITC. It was just that people hoped or thought that a structural change in taxes is going to happen. Since that is not going to happen, I do not think ITC is the right stock to be in, in terms of consumers.”

“Probably any other stock like Godrej Industries, Godrej Consumer Products, maybe even Hindustan Unilever or other consumption stocks, for me, even Bajaj Finance is a consumption stock, those sort of stocks are likely to do better. ITC most likely is going back into its shell which it does periodically. Unless you have any change in taxes, I do not think you will have big moves on ITC,” he said.