Hold on to FMCG, IT & pharma stocks: R Venkatraman, MD, IIFL

In a chat with ET Now, R Venkatraman, MD, IIFL, shares his sector specific recommendations.

ET Now: Your recommendations as a fresh buy or something that you are recommending holding and staying put sectorally or stock specific wise?

R Venkatraman: There is a huge premium for quality, there are stocks which are trading at multiyear highs and showing absolutely no signs of correction whatsoever. The FMCG pack which is said to face imminent slowdown continue to trade at high levels.

We recommend clients to continue holding FMCG stocks because there is a premium for quality. And there is some kind of lesser impact of slowdown on these stocks.

The two sectors which should clearly benefit from the rupee depreciation are IT and pharma. So we are recommending investors to hold on or look for a buying opportunity in these two sectors. So clearly these are the three baskets of stocks which investors can go out and invest into or if you are holding on to it continue holding them.