Bullish on Mcleod Russel, Jay Shree Tea and Tata Coffee: Nirmal Bang Securities

In a chat with ET Now, Mehraboon Irani, Principal & Head-Pvt Client Group Business, Nirmal Bang Securities, shares his trading ideas.

Is it going to be a stock-specific approach for you now or company specific looking at the earnings and the growth trajectory?

I have always been a stock-specific person and I have stayed away from companies, which always require money to flow from a tap, and in which valuations become attractive from an earnings angle but there are problems in the balance sheets. Even in this scenario, I feel there are certain sectors that I am still shying away completely from like telecom, cement and real estate. However, there are sectors I am looking at and within those sectors I am looking at individual stocks. I like the FMCG and pharma packs.

In the commodity segment, we like Mcleod Russel, Jay Shree Tea and Tata Coffee at slightly lower levels.