When it comes to FMCG sector, one can invest in a dependable stock like P & G for growth and comfortable sleep. Company is very comfortably placed with it comest to profit generating efficiency level (ROCE of around 40%) besides it being a cash rich company. With CRR of 75% and DPR of 25% it is not only a growth oriented company but good dividend pay master. With Sept figures being EPS (TTM) of around 100 (+) and sales showing increased volume, it is a buy for med to long term horizon as a defensive stock with appreciation in price.
Currently a buy on correction as also on each dip.
Personal home work too would be suggestible to play safe.