Top 5 FMCG Stocks To Buy, Sell For Rich Returns, Dividend Income: Analysts

Brokerages firms have recommended investors to buy 5 FMCG sector stocks. These stocks are Dabur India, Nestle India, ITC, Marico, and Hindustan Unilever Ltd (HUL). All these stocks witnessed decline up to 6% to 14% in last 1-month span. The board of directors of these companies are scheduled to hold meeting later this month to consider financial results and dividend. Check details below:

1. Sell Dabur India Shares: Last trading price of Dabur India Ltd shares on BSE is Rs 570.80 per share. The 52-week high price of Dabur India Ltd shares on BSE is Rs 672.00 per share (as on 17/09/2024) and 52-week low price is Rs 489.00 per share (as on 16/04/2024). Dabur India has a market cap of Rs 1,01,163.53 crore. Dabur India shares slipped 14% in last 1-month and surged 13% in last 6-months. Dabur India shares rose 5% in last 1-year. Dabur India will consider results and interim dividend on October 30, 202 for the quarter/half year ending on 30th September 2024.

Brokerage firm Citi recommended sell call to Dabur India Ltd share with target price slashed to 570 per share. The analyst cut FY25-27 earnings estimates by 3-6%. While Macquarie has neutral call on Dabur India with target cut to 560 per share.
The analyst said FY25 EPS cut higher at 8% given a hit from channel inventory rationalisation done in q2.

2. Buy Marico: Last trading price of Marico shares on BSE is Rs 685.55 per share. The company's market capitalisation stood at Rs 88,761.09 crore. The 52-week high price is Rs 719.80 per share and 52-week low price is Rs 486.75 per share. Marico shares soared 33% in last 6-months and rose 27% in last 1-year. Marico Ltd informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/10/2024 , inter alia, to consider and approve the un-audited standalone & consolidated financial results of the Company for the quarter and half year ended September 30, 2024.
Brokerage firm Nomura recommended buy call to Marico shares with target price of Rs 780 per share. The analyst believe co will report better-than-peers sales performance for q2.

3 Buy ITC Shares: HSBC has increased the target price for ITC to Rs 580 per share and recommended buy call. The analyst said, "stable tax regime for cigarettes, contribute to attractiveness of itc in volatile backdrop." Last trading price of ITC shares on BSE is Rs 488.45 per share. The 52-week high price of ITC shares on BSE is Rs 528.55 per share and 52-week low price is Rs 399.30 per share. Its market cap is Rs 6,10,933.66 crore.

ITC shares declined 5% in last 1-month, soared 12% in last 6-months, and jumped 105% in last 3-years. Board of Directors of ITC will hold meeting on October 24, 2024 to consider and approve financial results for the quarter and six months ended 30th September, 2024.

4 Buy Nestle: Last trading price of Nestle India Ltd shares on BSE is Rs 2512.40 per share. The 52-week high price of Nestle India shares stood at Rs 2777.00 per share and 52-week low price is Rs 2294.69 per share. Nestle India shares slipped over 8% in last 2-weeks and 8% in 2024. In last 1-year, Nestle India shares surged 8%. Yes Securities has a buy call on the FMCG major with a target price of Rs 3,237.
Yes Securities said, rural growth is likely to rebound in the upcoming quarters, triggered by favourable monsoons, increased government spending, and a surge in urban remittances, all of which are expected to back the rural recovery.

5. Buy Hindustan Unilever Ltd: Last trading price of the FMCG giant is Rs 2780.55 per share. BofA recommended buy call to HUL shares with target price of Rs 3010 per share. The 52-week high price of Hindustan Unilever Ltd shares on BSE is Rs 3034.50 per share and 52-week low price is Rs 2170.25 per share. Its market cap is Rs 6,53,315.60 crore. Hindustan Unilever shares slipped 6% in last 2-weeks and gained 23% in last 6-months.

HUL informed BSE that Board of Directors of the Company will meet on 23/10/2024 to consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended ended 30th September, 2024 and the proposal for payment of Interim Dividend, if any, for the Financial Year ending 31st March, 2025.

Disclaimer: The stocks have been picked from the brokerage reports of Nomura, HSBC, CITI. Greynium Information Technologies, the Author, and the respective Brokerage Houses are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.