Fast Moving Consumer Goods (FMCG) and Original Equipment Manufacturers (OEM ) will likely move with bullish trends going forward, Sanjiv Bhasin, Director at IFL Securities tells Zee Business Managing Editor Anil Singhvi. Indian stock market is in a sweet spot and FIIs may begin buying soon, he added. 

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It is only about time when the markets reach their panic bottom, the IIFL DIrector opines.

Revisiting his earlier recommendations, Bhasin said that TATA Steel, and JSW Steel Ltd, both performed well. He said that he had been telling investors to book profit in TATA Chemicals. Additionally, he suggested investors stick to Bharat Forge with a target of Rs 650 - Rs 655.

On Friday, he recommended two stocks for investors.

 

Motherson Sumi

Motherson Sumi has been under pressure due to the Russia-Ukraine War. But now, it’s doing exceptionally well. He recommends a Buy on this stock at price around Rs 131. He puts the price target at Rs 145-150 with a stop loss of Rs 127.

Godrej Consumers

They have a good market in Indonesia, and they’re seeing extremely good traction in double-digit there, Bhasin added. Buy this stock at Rs 706 with a target price of Rs 750 and stop loss of Rs 695.

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