SP Tulsian of sptulsian.com, in an interview to CNBC-TV18 on Monday, said that investors cannot afford to overlook the FMCG sector at this point.

“In the last one month, FMCG stocks have risen anywhere between 2 percent and 8 percent; none of them has fallen in the one-month period. So yes, things are definitely looking positive for FMCG space going forward," said Tulsian, adding that the focus of the new government will be more on the upliftment of rural India.

On Manappuram Finance, he said, “If the news (of insider trading) seems to be right, then it will be having a negative effect on the stock price going forward, but I do not think that should make the stock fall more than 10-15 percent from the current price.”

“Going forward fundamental seems to be in place for the company but this kind of things will definitely be having its effect on the share price as well,” he added.

First Published:Jun 10, 2019 11:24 AM IST