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Titan Industries is a long term bet, says Manoj Menon, Senior Analyst at Kotak Institutional Equities.
Marico is a preferred pick in FMCG space, says Manoj Menon, Senior Analyst at Kotak Institutional Equities.
Add HUL with a target of Rs 420, says Manoj Menon, Senior Analyst at Kotak Institutional Equities.
ITC is a top bet in FMCG space, says Manoj Menon, Senior Analyst at Kotak Institutional Equities.
Manoj Menon, senior analyst at Kotak Institutional Equities told CNBC-TV18 that the FMCG companies are in for a challenging times. As demand decelerate, volume growth of FMCG companies will take a hit.
The FMCG space has emerged a clear defensive sector over the past few months, with investors piling into these companies so as to protect their money. But is this sector overhyped?
Manoj Menon of Kotak Institutional Equities, has a cautious view on the FMCG sector. Menon is bullish on HUL and ITC. In an interview to CNBC-TV18, he said, "Apart from Hindustan Lever and ITC we would relatively prefer Godrej Consumer, Glaxo and Marico."
