Bullish on Britannia & Emami in consumption space: Dr Tirthankar Patnaik, Religare Capital

In a chat with ET Now, Dr Tirthankar Patnaik, Director, Strategist-Institutional Research, Religare Capital Markets Limited, shares his views on the consumption space.

ET Now: At a time when the entire action is there in the consumer space, FMCG names and brand owners, what do you like within the consumer space where valuations are reasonable and there could be an upside potential of about 10% to 15% in next one year?

Dr Tirthankar Patnaik: Unfortunately, there are not too many stocks which have comfortable valuations right now. Most stocks in this sector have reached life time high valuations and continue to go up on high liquidity coming in from foreign investors who like consumption in the country.

The two midcap stocks that we like are Britannia and Emami in the consumption space. We would like to buy Page Industries from a long term perspective. Another midcap that we like is Zydus Wellness where we see 15%-20% upside.