2 FMCG stocks to buy and 1 to sell; Global brokerages give new targets- check targets
FMCG stock like Dabur is in focus as the company has shared its Q2 business update.
FMCG stocks to buy, sell: As companies begin to share their business update for Q2, global brokerage have either maintained their rating or revised them. For stocks like ITC, Marico, brokerages are bullish, while for Dabur the outlook remains bearish.
Stock to buy: ITC
HSBC on the heavyweight stock maintained buy for a target of Rs 580.
Stock to buy: Marico
Nomura suggests buying the stock for a target of Rs 780. Meanwhile, Macquarie also is bullish on the stock for a target of Rs 750.
Stock to sell: Dabur
Dabur has released its Q2 business update. The company flags a rise in modern and e-trade.
Citi on Dabur
Citi has given a sell on the stock for a target of Rs 570. The downside based on the last close is around 8%.
Goldman Sachs on Dabur
The brokerage has given the company a neutral rating with a Rs 580 per share. It added that Dabur expect biz to return to growth from 3QFY25.