Since the first week of June, the stock market has seen great growth momentum. The main indices of the stock market have constantly reached new heights. According to experts, there has been a strong buying trend among investors at this stage for more than a month and a half. A large section of investors have invested huge sums of money in their favorite stocks in the market. Due to the presentation of the Union Budget on July 23, the market is under uncertainty around the event. However, recently Nifty and Sensex have seen a resurgence. At the moment, the investment opportunities in any sector are noticeable. In a recent interview given to a news agency, expert Hemang Johny explained his view on this matter. He mentioned that there is an opportunity to buy stock in any sector. Check it out-
Which sector of the market seems suitable for investment at the moment?
FMCG. This sector is currently looking great in the stock market. The outlook towards the sector is also very positive. However, I would still say that investment decisions in this sector should be taken with some caution. In the FMCG sector, stocks of some companies are showing weakness. But apart from these stocks, most of the other stocks in the FMCG sector have great buying opportunities. For example, reference may be made to Colgate. This stock has seen double-digit growth. All these three stocks can perform well in the stock market in the future.
Will the FMCG sector continue to perform well in the stock market?
We maintain a very positive outlook on this sector. I think this sector is definitely going to perform well in the country’s stock market in the coming days as well. A good improvement has already been observed in the monsoon in the country. It is noteworthy that the government is also paying more attention to rural development. The Center is trying hard to revive the rural economy. A large sum of money has been allocated in the budget for this purpose. Good performance should be observed in this sector in the coming days as well. Colgate is currently my top pick in this sector. We are also particularly fond of Hindustan Unilever and Marico stocks. Investors can maintain a positive outlook on these three stocks in the FMCG sector.
