Ambareesh Baliga, Market Expert told CNBC-TV18, "I would prefer to pick up FMCG stocks which have been underperforming - Emami, Dabur India, these are ones which we are buying in the last two to three weeks. Last week I recommended Hindustan Unilever (HUL) although it has moved up from those Rs 820-830 levels closer to Rs 950 but still overall there has been an underperformance."
"Over the next three to four quarters, clearly I see them coming out with better strategies to basically fight against the Patanjali market share. So, we could see levels of possibly about Rs 1,150-1,200 for HUL possibly over the next one year," he said.
Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!