FMCG shares: Stocks to Buy – ITC, Marico, Hindustan Unilever – for BUMPER RETURNS – Know Why? Buy for these TARGET PRICES

Stocks in News – ITC share, Marico share, Hindustan Unilever shares –Nilesh Jain, Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking, is bullish on the FMCG sector stocks. He recommends these three stocks for high returns. He said that this is one sector whose impact will never fizzle out.  

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Stocks to Buy – ITC Limited shares – While ITC Limited share is considered a slow mover, here is your opportunity to earn some money in this stock. This stock is poised for an upward movement, Jain said. At 2:20 pm the shares of ITC Limited were trading at Rs 212.90 on Thursday on the NSE, up by almost 0.8 per cent from the last closing price on Wednesday. He said that a strong pull back is now expected in this stock and it may test levels around Rs 216 and RS 220. This target price is with an 8-10-day view.   

The next target price on ITC share price NSE is Rs 225, Jain said. This target price is for the September series, he further said. He puts the stop loss at Rs 204.  

Stocks to Buy – Marico Limited shares – Marico share were trading at Rs 570.90 on the NSE on Thursday around this time. The shares were up 1.7 per cent from the Wednesday closing price. He said that there is opportunity to make good gains in this stock. He puts a buy recommendation on Marico Stocks for the target price of Rs 590-Rs 600. He puts the stop loss at Rs 550 and has a 1-week view on this stock.  

Stocks to Buy – HUL shares – The Hindustan Unilever share price was at Rs 2810.90 on the NSE around this time. The stocks were up over 0.3 per cent from the last closing price. Jain puts the target price at Rs 2900. He puts the stop loss at Rs 2730. Existing long-term investors should continue holing this stock, Jain further said. Buy on Dips is recommended.