Positive on Marico: Pankaj Pandey

Pankaj Pandey, Head Of Research, ICICI Direct in an interview with ET Now talks about FMCG space.

What about some of these FMCG counters, what is your sense there at this point about any specific recommendations you may have?

In FMCG, the broader index itself is trading at about 40% premium to the main indices which we feel is on a slightly higher side and plus you have had concerns on the raw material side which is again sort of creeping and going forward also we do not see a near term easing in terms of the margin pressure.

So given that we would be selectively positive on some of the counters like Marico.