A trader gestures while talking on the phone in New York. (Photographer: Emile Wamsteker/Bloomberg News)

Can FMCG Stocks Yield Good Returns? #AskBQ

#AskBQ is BloombergQuint’s daily offering where market experts help investors make the right investment decisions in the equities market.

In today’s conversation, Brijesh Singh of StockAxis and Sandeep Jain of Tradeswift Broking gave their views on FMCG stocks, Camlin , Escorts and much more.

Watch the full conversation here:

Edited excerpts from the conversation:

Nikhil: Is there any chance that Bharti Airtel can reach Rs 420 levels in a month? Also, please suggest some stocks with a short-term view.

Brijesh Singh: I don’t think so as Rs 420 level looks far beyond if the stock fails to touch Rs 390. For a short-term view, you can invest in stocks such as Tech Mahindra, DCB Bank and RBL Bank. However, I suggest you hold them for a bit longer term.

Ramesh: Can you please stocks from the FMCG sector with a two-year view?

Sandeep Jain: I prefer stocks such as Marico, HUL, ITC and Colgate Palmolive.

Karan Rajpal: What is your short-term view on Tata Motors?

Brijesh Singh: You can buy the stock at Rs 290-295 levels. Keep a stop-loss at Rs 280.

Shivu: I bought 100 shares of Colgate Palmolive at Rs 1,233. What are your views on the stock?

Sandeep Jain: I suggest you hold on to the stock with a long-term view.

Satya Subhas: Can I invest in Camlin at current levels?

Brijesh Singh: One can invest in the stock at Rs 80-85 levels with a medium- to long-term view. Keep a stop-loss of Rs 75 and a target of Rs 125.

Ashish Malik: I bought 100 shares of Escorts at Rs 880. Please provide a one-year view.

Sandeep Jain: One can hold on to the stock. However, I prefer Her MotoCorp in the sector. You can look to switch into Hero MotoCorp at some point in time.

Ashokan: I bought 1,000 shares of Ashok Leyland at Rs 147.5 with a short-term view. Should I hold or sell?

Brijesh Singh: I suggest you hold on to the stock with a stop-loss at Rs 133. You can try to accumulate more at Rs 140 levels.

Sital Das: I bought 300 shares of LT Foods of at Rs 90 with a two-year view. Should I hold on to the stock?

Sandeep Jain: I suggest you hold on to the stock. You may also book profits at Rs 90 levels.

Gagan: What are your views on RITES IPO?

Sandeep Jain: One can subscribe to the IPO.

Shravan Kumar: I have taken an extended intra-day position in V-Guard at Rs 211. Should I hold it for Rs 220 or book at the current level?

Sandeep Jain: I suggest you hold on to the stock and book profits at Rs 217 levels.

Anantha Venkata Krishnan: I want to invest Rs 50,000, Please suggest if I should invest in any of these companies - Minda Industries, Bajaj Finserv, NIIT Tech and Quess Corp.

Sandeep Jain: I suggest you invest in safer stocks such as ITC and RCL.

Praneet: What are your expectations from Vakrangee results? I bought 200 shares of Vakrangee at Rs 288.

Sandeep Jain: I suggest you exit from the stock. Alternatively, you can be very cautious and track the stock and book when circuit opens.

Analysts’ disclosure: Both the analysts do not have any financial interests and do not hold any stocks discussed today.

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