Buy FMCG and healthcare stocks on dips: Ashit Suri, Analyst, JV Capital Services

Ashit Suri, Fundamental Research Analyst, JV Capital Services, in a chat with ET Now talks about the FMCG and healthcare space.

What is your view on the FMCG and the healthcare pack and are there any picks within that space?

Both these spaces have been enjoying a lot of favour in the recent past. Even currently, most of these stocks have been good defensives. Further, a lot of them have appreciated and are trading at fair value today. Going ahead, things look bright for both these spaces -- FMCG as well as healthcare. But if one is to look at the valuation angles today - like I said most of the stocks are at fair value - they are not likely to outperform in the near term. One should be waiting for dips to buy into stocks.

In the FMCG space, my bets would be ITC and Godrej Consumer Products. These are stocks which I would like in the space.

If it’s the healthcare space, my favourites would be Lupin and Cadila. Amongst the midcap pharma space, my fancy would be a Jubilant Organosys which has the strong order book currently and has reduced its debt levels which were a concern going ahead and has a strong product pipeline also. So these are stocks which I would look at but I would wait for some corrections to accumulate these stocks.