FMCG pack is good: Deepak Mohoni
"If you look at their overall performance in the bull market, that means last 2 years now, they have of course all gone up but not many of them have outperformed the index."
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| Deepak Mohoni, Director, trendwatchindia.com in an interview with ET Now talks about FMCG stocks.
What about the entire MNC FMCG pack, the likes of Nestle, Colgate, even a Unilever, does it seem like this momentum is here to stay when it comes to the entire FMCG basket?
If you look at their overall performance in the bull market, that means last 2 years now, they have of course all gone up but not many of them have outperformed the index. So when it comes to long term, they are not the most rapid risers but year after year, they do get better returns because in bear markets, they do not go down.
So in the end, they are just as good as any other stock really but whether yesterday’s move is a one off or sustainable, we will have to wait for today’s session to see but it was fairly broad based. So there could be some fresh demand in here.
What about the entire MNC FMCG pack, the likes of Nestle, Colgate, even a Unilever, does it seem like this momentum is here to stay when it comes to the entire FMCG basket?
If you look at their overall performance in the bull market, that means last 2 years now, they have of course all gone up but not many of them have outperformed the index. So when it comes to long term, they are not the most rapid risers but year after year, they do get better returns because in bear markets, they do not go down.
So in the end, they are just as good as any other stock really but whether yesterday’s move is a one off or sustainable, we will have to wait for today’s session to see but it was fairly broad based. So there could be some fresh demand in here.
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