SP Tulsian of sptulsian.com on Friday said he is extremely positive on all the fast moving consumer goods (FMCG) stocks going forward.
He spoke at length on stocks like Hindustan Unilever Ltd (HUL), GM Breweries, Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL), Indian Oil Corporation (IOC), Oil and Natural Gas Corporation (ONGC), GAIL, Petronet LNG and non-banking financial stocks (NBFCs) like Bajaj Finance, Shriram Transport Finance, L&T Housing Finance and Mahindra and Mahindra Finance.
“I don’t think there will be any kind of disappointment with the HUL’s results. But overall, the kind of corrections which we have seen in the valuation of FMCGs making it a good buy as well,” Tulsian said.
“We have been keeping the positive view on many of the FMCG stocks like Godrej Consumer, Britannia Industries, Nestle, HUL, Jubilant Foodworks, Asian Paints, which may not be strictly FMCG, but discretionary spending. So all these stocks are now looking good,” he added.
Tulsian further said, “We have been advising to buy all three oil marketing companies (OMCs) stocks only from an investment point of view with a longer horizon of 4-6 months.”
“So maybe, if you have an investor horizon, I won’t be taking a short-term call. Look to buy dip of about 4-5 percent across the board for all three OMCs,” said Tulsian.