Even as domestic equity markets continued their losing streak and ended this week in red, FMCG (Fast Moving Consumer Goods) stocks traded with strength on Wednesday. Nifty FMCG index settled at 38,191.40, gaining 0.7 per cent from the previous closing. In contrast, the BSE Sensex lost 237 points or 0.4 per cent to close at 58,338.93. Meanwhile, the Nifty50 ended at 17,475.65, down by 0.3 per cent or 54 points.       

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

In the 15-share index, 7 stocks gained while 8 lost in Wednesday. The biggest gainers were Varun Beverages Limited, ITC Limited and Hindustan Unilever Today. The stocks gained 3 per cent, 1.6 per cent and 0.9 per cent respectively. The biggest losers were Godrej Consumer Products Limited, Emami Limited and United Breweries Limited. The stocks were down over 2 per cent, 1.9 per cent and 1.3 per cent respectively.  

See Zee Business Live TV Streaming Below:

Also Read: Sector Spotlight: Know why realty sector is in focus for this analyst; DLF, Oberoi Realty are top bets for gains

Tata Consumer: Buy| LTP: Rs 816| Target: Rs 850/900| Stop Loss: Rs 760| Upside 10%  

Tata Consumer Products Limited is another stock on which Jain remains bullish. He recommends a buy on this stock with a view of 1-2 months but on declines. The stock has seen considerable rally and is now in an overbought situation, Jain opined.  

(Disclaimer: The views/suggestions/advises expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)