Tulsian told CNBC-TV18, "I don't think that people are taking the negative call on ITC as well because the hike into the VAT by so many states is seen as a pass through and maybe in the process some of the analysts are taking this is as a positive because the rounding off effect is generally seen to be giving or accruing in the favor of the company. However, if you take a larger picture I don't think that you can hide into the few stocks which we have been seeing happening."
He further added, "We have seen in last week some of the stocks like Emami , Marico , Dabur even they have all been ruling quite well. So, in the FMCG you need to fall back on HUL which is the large cap stock which has a very wide participation and good tradability. So, taking that into account and share having bottomed out, in fact taking the negative news it has not corrected below Rs 450 or so. So, people find it more interesting that this is a better place where one can for the time being in an interim period one can hide there and look for a 5-7 percent return."
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