The FMCG giant is investing in brands and extending reach
According to securities house Jefferies, the sector underperformed the Nifty by 18% in the last calendar year; some FMCG stocks have underperformed the Nifty in the first half of this calendar year too.
Devang Mehta, Vice President & Head - Equity Sales, Anand Rathi Financial Services joins CNBC-TV18 to opine on the market movers and give his insight on the stocks