In an interview to CNBC-TV18, Sudip Bandopadhyay, Group Chairman at Inditrade Capital, shared his reading and outlook on specific stocks and sectors.

Speaking on metals he said, "I believe that it is a buying opportunity. Globally, the rally in metals which we have seen, there are still some legs, probably it will run for some more time. The correction we have seen, maybe to an extent is a buying opportunity for a slightly long term investor."

"Having said that, the run up we have seen in aluminium and alumina, probably that kind of run up we will not see in the near future. There was a problem with the supply post US sanctions on Rusal but that is probably going to be removed with the recent developments there," he said.

Speaking on Dabur and Marico he said, "You have to differentiate between Dabur and Marico. Marico depends to a great extent on copra the raw material where the prices have gone up by about 50%. So, we were not expecting great results from Marico, margins were supposed to be under pressure and market did give a subdued reaction to the Marico numbers."

On fast-moving consumer goods (FMCG) and consumption space, he said, "Overall FMCG , we have been bullish on ITC for some time. There is a strong rationale behind ITC prices going up. If you compare ITC with HUL or even other multi-national FMCG companies, the PE multiples in ITC is much more attractive. There was an issue with FMCG business of ITC but it is believed that they are close to break even or they will start making money from this quarter itself. So, that is excellent news."

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