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Should you buy FMCG stocks on dips?
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Last Updated: May 15, 2021, 09:38 AM IST
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FMCG stocks now because they do not have enough business catalysts. Edited excerpts from his interview:
What is your understanding of the strength we are seeing in midcaps and smallcaps?
It indicates that the fundamentals of the broader market is improving. The expectations are being met. A company like Prince Pipes beat EPS estimates by 20-30 percentage points. This quarter will be a fairly good one, especially for export-oriented companies.
What is your reading of the management commentary of Asian Paints?
As a stock, it has underperformed in the recent past and so there is some amount of catch-up trade happening. While the prices of its raw material has moved up along with oil, given the second wave of Covid in Asia there is an indication that oil prices will remain in check. Therefore, prices of raw materials for Asian Paints will also remain in check. While the second wave
Price Pipes and Fittings soared 5.76% to Rs 605.95 after the company s net profit surged 244% to Rs 97.2 crore on 76.7% jump in net sales to Rs 761.3 crore in Q4 FY21 over Q4 FY20.The piping solutions & multi polymer manufacturer saw robust volume growth driven by strong performance of plumbing portfolio. The company also witnessed a substantial value growth led by brand premiumisation and favourable product mix spanning plumbing and SWR categories.
The company s volume grew by 26% year on year to 41,644 MT in Q4 FY21 from 33,140 MT in Q4 FY20. Profit before tax grew by 226% year on year to Rs 131.2 crore in Q4 FY21 from Rs 40.2 crore posted in Q4 FY20.