FMCG large caps continue to remain very good defensives: Vivek Mavani, Brics Securities

In a chat with ET Now, Vivek Mavani, VP & Sr. Portfolio Manager, Brics Securities, talks about the FMCG.

What is your call on FMCG?

Well as far as FMCG is concerned and the large cap is concerned, the likes of an HUL, ITC, Colgate, etc., they continue to remain very good defensives and there is still some momentum to in the large FMCGs. In the midcaps within the FMCG the new entrants like Lovable Lingerie or Jubilant Foods and Talwalkars, etc., are clubbed within the consumer spending space I would be slightly wary over there.

The only mid sized FMCG that I would still be bullish on would be Bata. Although it has had a very sharp run up in excess of I reckon about 50% in the last six months or so even at about 600-610, Bata still remains a very promising investment call even at these levels.