Bhavin Desai of Motilal Oswal Securities told CNBC-TV18, "Asian Paints has been rallying but then somehow as long as we do not have any confirmation on all our relative parameters which we trust in the statistical study that we do, we generally do not get into taking trades on individual stocks where the sector view is not supportive.""FMCG as a space we have not been very gung-ho about. We are already selling Marico and ITC and we are not too very comfortable as the entire market is not too comfortable rather so we will take a pass on that one at least," he added.
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