The Indian economy is trying to recover amid the global recession. At this time FMCG (Fast Moving Consumer Goods) stocks are attracting attention. Let’s see the opinions expressed by the experts as to which of these stocks can be invested at the moment.
Hindustan Unilever is a subsidiary of the famous British company Unilever. Similarly, Godrej Consumer Protects is a part of Godrej Group. Both of these companies are widely regarded as having the potential to generate a significant return in the consumer goods sector in a volatile market. Sensex has not seen any growth so far this year. At the same time, Hindustan Unilever has seen a growth of 10 percent. Shares of Godrej Consumer fell 14 percent during the same period.
Hindustan Unilever shares have fallen 1.79 percent in the last one year. Shares of Godrej Consumer fell 20 percent. The BSE FMCI index has rallied over 2000 points or 14 percent so far this year, overcoming recession fears and market volatility. As of 12.30 today, HUL’s share price is trading at Rs 2,604. With this, the market value of Hindustan Unilever is Rs 6.1 lakh crore. Shares of Godrej Consumer are trading at Rs 828 today, down 0.6% from yesterday. Its market value is Rs.85,262 crore.
Which stocks to buy?
Abhijith of Tips2Trade said: “In a highly volatile global market, many sectors are underperforming. The FMCG sector has been relatively stable with stocks like HUL and Godrej Consumer. Fundamentally and technically, HUL is stronger than Godrej Consumer with better profit margin and return ratios. Godrej Consumer should buy the stock with targets of Rs 920 – Rs 960 and close above Rs 840 on the daily chart. HUL has strong support at Rs 2,510. It has a cap of Rs.2,610. So buy only near the support of Rs.2,510. Said thus.
 |
Jitendra Upadhyay, Senior Equity Analyst, Bonanza Portfolio said, “HUL is a leader with product innovation, sound product development strategy and strong supply chain. More than 75 percent of its products have good volume and market capture in FY2022. And 16 of its brands have generated revenue of over Rs 1,000 crore in FY2022. At the same time 2 of its brands have a revenue of over Rs.5,000 crore. Raw material prices peaked in the first quarter. Now they have decreased. Commodity inflation is expected to moderate in the coming months. This will help increase the profit margin.” He said.
Subscribe Dinamalar channel for new news
Advertisement