Overweight on midcap IT, FMCG stocks: Sonam Udasi

In a chat with ET Now, Sonam Udasi, Head of Research, IDBI Capital shares his views on defensives stocks.

ET Now: What should an investor do with the defensives stocks right now?

Sonam Udasi: In our portfolio, we continue to be overweight on IT, especially midcap IT. We continue to be overweight on FMCG assuming the second half election will pump priming in the economy. We are not very gung ho on agri right now. The market cap is too small and wide for the large portfolio managers. Our view continues to be negative on the same.