Buy Dabur for long term: Ambareesh Baliga, Way2Wealth

Ambareesh Baliga, COO, Way2Wealth Brokers Pvt. Ltd., in an interview with ET Now, talks about the FMCG space

Dabur, one quick word on this FMCG major and the kind of numbers that have come out, PAT numbers above expectations, the overall Q4 numbers also beating street estimates but not too much of a reaction on the stock?

Look at the overall sentiment in the market because of which, you may not really see much of effect, but FMCG overall, other than HUL, have been positive on stocks like ITC and Dabur to a certain extent, so even at these levels, one could look at buying it from a longer term perspective.

But a stock like ITC, we have seen a good movement, so just possibly wait for a while, we should get it again back at levels of Rs 175 - Rs 180. At those levels, one could look at buying again.