Akshay Bhagwat Of JM Fin. Services Says Upside Momentum Supports Tata Consumer, ITC, & HUL
Akshay Bhagwat Of JM Fin. Services Says Upside Momentum Supports Tata Consumer, ITC, & HUL
Shailendra Bhatnagar
- Updated Sep 28, 2023 12:21 PM IST
FMCG stocks are surging, and Akshay Bhagwat of JM Financial Services is bullish on Tata Consumer, ITC, and HUL. He recommends buying all three with a strong chart pattern observed. Tata Consumer is at a record high, also up 12% in a year, and September's top performer, boasting a 6.8% increase, outperforming its peers. ITC has surged by 37% in a year. Bhagwat foresees strong upside momentum, setting a stop loss at Rs 855 and an upside target of Rs 925-940 for Tata Consumer. Exciting times for FMCG investors!
