ITC remains top pick in FMCG space: Sharekhan

In view of the strong earnings visibility and the expectation of a better performance across businesses, Sharekhan maintains ITC as their top pick in the large-cap FMCG space.

With an above 25% compounded annual growth rate (CAGR) in the bottom line expected over FY2010-13 and a potential upside of 36% from the current levels, Sharekhan likes GCPL in the mid-cap FMCG space.

Though TGBL is expected to achieve a mid single-digit earnings growth over FY2010-13, in view of the positive surprises from the recent strategic alliance with (PepsiCo and Kerala Ayurveda) and an upside of 32% from the current levels, Sharekhan maintains their Buy recommendation on the stock.