Sudip Bandopadhyay, Group Chairman of Inditrade Capital, in an interview with CNBC-TV18, discussed fundamentals of the market.

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“Reliance Industries Ltd (RIL) is a fantastic buy at current levels. I have been bullish on RIL for some time and with the correction around Rs 1,900, it is definitely a good buy for somebody who has 6-12 months’ time horizon," he said.

He believes cement is going to perform very well. So, one can go and pick up cement stocks taking the opportunity of a dip, if there is one, in the coming days. He likes ACC, Birla Corporation, Deccan Cements and Dalmia Cement.

Bandopadhyay said he is cautious on two-wheeler space, Hero Motocorp in particular. In the FMCG pack, Hindustan Unilever Ltd (HUL) and Marico will be his picks.

Disclosure:

Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.

For full interview, watch the video…

(Edited by : Bivekananda Biswas)

First Published:Apr 19, 2021 4:48 PM IST