MNCs are not only about FMCG, some are about the India story: 7 non-FMCG MNC stocks with upside potential of up to 27%

In times of volatility, wisdom on the street is that it is good to pick MNC stocks as they tend to fall less in a bearish market. Before accepting this argument, look at the underlying business. If that is sound, only then buy the stock. Here, too, be clear whether you are buying the stock as a tactical hedge or a long-term investment. Also consider which definition would suit an MNC more. First: A company whose majority stake is held by foreign company. And second: A company where not only is the majority stake held by a foreign entity, but the parent company operates in different parts of the world. Why is this distinction important? Because there is a difference in the valuation of these two sets of companies. Just to put in perspective: Is Maruti-Suzuki an MNC? Technically yes, but in reality no.