FMCG, PSU banks, pharma sectors underperform Nifty in FY21, will FY22 be better?

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FMCG, Banks | April 01

FMCG, PSU banks, pharma sectors underperform Nifty in FY21, will FY22 be better?

Nitin Shahi, Executive Director of FINDOC, advises avoiding PSU banks. "Avoid PSU bank stocks or book profits but can add SBI on dips as the future looks bright for the stock," said Shahi.

"In case of pharma and FMCG sectors, add on every dips as they provide a defensive cover to a portfolio. In case the COVID situation worsens, these sectors will outperform," said Shahi.

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