FMCG is pure defensive at this point: Vivek Mavani, Brics Securities

Vivek Mavani, VP & Sr. Portfolio Manager, Brics Securities (Fundamental check), in a chat with ET Now, speaks about FMCG.

What’s your view on the consumption driven story and the kind of movements we have been seeing in FMCG counters, an ITC, a Hindustan Unilever, consumption driving up these counters, do you believe that going forward in a volatile market like this, this one can actually be an out-stander and you can probably see a few good gainers coming about in these stocks?

Absolutely, in fact I would add the pharmaceutical space also and I would add even the paints as a sector, the likes of Asian Paints, Berger Paints, Kansai Nerolac. Paints as well as the pharma space along with the typical FMCG, all of them basically constitute the consumption basket.

All of them are definitely pure defensives at this point of time and 3-6 months down the line, they would definitely relatively outperform both the broad markets as well as some other sectors.