Remain bullish on FMCG from a medium term perspective: Ajay Bodke

In a chat with ET Now, Ajay Bodke, Head-Investment Strategist & Advisory, Prabhudas Lilladher, shares his views on the FMCG sector. Edited Excerpts:

ET Now: What about the FMCG pack? The raw material prices have also come down for them and Asian Paints is a key case in point?

Ajay Bodke: Titanium dioxide and other crude derivatives form a large portion of the total raw materials for the paint companies. So the pack in general will be a large beneficiary of the falling crude prices.

ET Now: I am guessing you are saying that you will be bullish on these stocks from a medium term perspective, the FMCG names?

Ajay Bodke: Yes, I would tend to agree with you.