“The sharp fall that we have seen in the palm oil prices, some of the soap companies, especially the larger ones like HUL and Godrej Consumers are the two companies where we are very comfortable entering even at current levels. We turned positive on ITC sometime back and the stock had seen the kind of run up especially because of the benefits that it had against some of the traditional FMCG players.”
Market rout: 7 of top-10 valued firms see Rs 1.25 lakh crore erosion
The stock continued to remain the most valued listed company in the country despite the decline.