Godfrey Phillips a good pick for longer term: Neeraj Deewan

In a chat with ET Now, Neeraj Deewan, Director, Quantum Securities shares his views on Godfrey Phillips.

ET Now: What about the top investment idea? If you were to invest in one stock from the large cap or midcap space, which one would it be?

Neeraj Deewan: We like Godfrey Phillips for the longer term. The last two-three years have been bad for the cigarette as far as volume growth is concerned. But, this company has been doing well even with the price increases. They have generate a huge amount of cash from their cigarette business.