Marico a better FMCG buy than Godrej: Sharyans Resources

What is the call on Marico and Godrej Consumer?

CK Narayan: Clearly between Marico and Godrej Consumer, the one that I would run with would be Marico because the trend status on the charts is considerably better in the chart of Marico as compared to that of Godrej Consumer. It is not that Godrej Consumer trend is not very good. It is a little bit neutral as compared to a very firmly bullish one for Marico. This result seems to have been somewhat anticipated by the market because there has been an upward push in the last few weeks and so you may have some sell on news thing going on but I do not believe stock would really get pushed on much lower than 120-125 which is the range I would look to buy Marico.

Godrej Consumer I would leave it alone for now. It has got into a very large range between about 300-375. It would need a lot more for to get out of that range because that range has been a very sustained one. So I would choose to trade with Marico. It is a good share to pick from the FMCG sector.