Use every dip in the market to add on to your FMCG basket: Arindham Ghosh

In a chat with ET Now, Arindam Ghosh, CEO, BlackRidge Capital Advisors, shares his views on FMCG stocks.

ET Now: Coming on a name like ITC and Asian Paints, quality FMCG names, expensive stocks but they have not corrected?

Arindham Ghosh: Markets always tend to pay premium for high quality stocks and the name that you have mentioned definitely are stand out names in their respective sectors. Investors in the run up to the budget can keep adding to their exposure to both these stocks as well as a couple of other very strong names in the overall FMCG basket.

The fact is that the next big event which is probably going to outline or the course that the government is going to take would definitely get spelled out in the budget and probably couple of weeks before that and irrespective of that these stocks definitely are good bets to have and they are typically market neutral and they tend to perform in both the downturn as well as in a high growth environment. So these are stocks you should always have in your portfolio and use every opportunity, every dip in the market to kind of keep adding.