Get Quick 17% Return by Investing in These Stocks
Stock to Buy
According to the information provided, domestic brokerage firm Motilal Oswal has recommended investing in five consumer stocks:
Hindustan Unilever Limited (HUL), ITC, Dabur India, Tata Consumer Products, and Emami. These stocks have the potential to provide a return of up to 17% based on their target prices.
However, please note that stock market investments involve risks, and it’s always important to conduct thorough research and analysis before making any investment decisions.
1. Hindustan Unilever Limited (HUL)
Hindustan Unilever Limited is a renowned consumer goods company in India. It offers a wide range of products, including personal care, home care, beauty, and food and refreshments.
2. ITC
ITC is a diversified conglomerate with business interests in several sectors, including cigarettes, FMCG (fast-moving consumer goods), hotels, paperboards, and packaging.
3. Dabur India
Dabur India is a leading Indian consumer goods company specializing in health care, personal care, and food products. It is known for its Ayurvedic and natural offerings.
4. Tata Consumer Products
Tata Consumer Products is a part of the Tata Group and operates in the food and beverage sector. It offers a wide range of products, including tea, coffee, water, and snacks.
5. Emami
Emami is a renowned Indian company primarily engaged in the manufacturing and marketing of personal care and healthcare products. It offers various products, including skincare, haircare, and pain relief items.
Shares of Hindustan Unilever Limited (HUL), the largest FMCG (Fast-Moving Consumer Goods) company and the overall fifth largest company by market capitalization, have shown a 2% increase this month.
As of the provided information, the stock closed at Rs 2715.15 on the Bombay Stock Exchange (BSE) with a gain of 0.93% for the day.
Motilal Oswal, the domestic brokerage firm, has set a target price of Rs 3010 for investing in HUL, which indicates an 11% upside potential from the current level.
Regarding ITC, the domestic brokerage firm suggests that investing in its shares at the current level could result in a profit of more than 9%.
The stock closed at Rs 443.80 on the BSE today, registering a gain of 0.24%. ITC is the sixth largest company in India based on market capitalization.
Dabur shares closed at Rs 556.15 on the Bombay Stock Exchange (BSE) with a gain of 1.64% for the day. The brokerage firm, Motilal Oswal, has set a target price of Rs 595 for investing in Dabur. This target represents an upside potential of about 7% from the current level.
Moving on to Tata Consumer Products, a tea-coffee selling company under the Tata Group, its shares closed at Rs 822.55 on the BSE, registering a gain of 3.90% for the day.
Motilal Oswal has set a target price of Rs 910 for investing in Tata Consumer Products. This target indicates a potential profit of 11% by investing at the current level.
Despite a strong market sentiment with the Sensex closing at Rs 63,142.96, up 0.56%, Emami shares weakened slightly, closing at Rs 394.10, down 0.11% for the day.
However, experts view this as an investment opportunity. The brokerage firm has set a target price of Rs 460 for investing in Emami, which represents an upside potential of 17% from the current level.
It’s worth noting that stock prices can be influenced by various factors, including market conditions, company performance, and investor sentiment.
While the current market performance of Emami may have shown a decline, the target price provided by the brokerage firm suggests a positive outlook for potential investors.
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Investing in the stock market carries inherent risks, and individual financial situations and goals may vary. The information provided on our website should not be considered as financial or investment advice. It is crucial to conduct thorough research, analyze market conditions, and consider individual risk tolerance before making any investment decisions.
We strongly recommend consulting with certified financial advisors or professionals who are qualified to provide personalized advice tailored to your specific financial circumstances. They can offer guidance based on a comprehensive assessment of your financial goals, risk tolerance, and investment horizon.
Remember that the stock market is subject to volatility and unforeseen market events, which can impact the performance of stocks. Therefore, it is crucial to stay informed, diversify your portfolio, and make investment decisions based on careful consideration and professional advice.
