With FMCG volumes falling, how do you see stocks like HUL, ITC, Britannia and Nestle?
Answer
Answer
You must understand few things here. All these companies have purchasing power, so that is not the issue. Secondly, they have robust niche markets. Most of these stocks have corrected sharply and are near their annual lows. At these levels, the downside risk to price may not be much. However, in terms of return expectations, it is better you keep muted expectations.