FMCG stocks will continue to underperform: Ashish Maheshwari

In a chat with ET Now, Ashish Maheshwari, Director, Globe Capital Market Ltd., shares his views on the outlook of FMCG stocks.

What would you do with FMCG stocks?

I am not going to buy those stocks because largely they have underperformed the market and the underperformance will continue because though they are planning to raise the prices, there is a stiff competition among these players. Besides, since raw material prices have gone up and advertising and marketing costs have also gone up, there will be certainly some pressure on the finished good prices. So, in this kind of market where I am having a plenty of other choices, I would like to give a pass to FMCG pack.