Stocks to buy: The domestic stock markets declined on Monday. The decline came after US President Donald Trump’s decision to increase the tariff fee. It also affected the domestic markets. The major benchmark index BSE Sensex Intra-Day fell 700 points while the Nifty slipped below 23,300.
Amidst the weak mood-mood in the stock market, brokerage firm Nuwama (NUVAMA) has advised to buy FMCG sector veteran Stock Nestle India and Agochemical Company U (PL). According to Brokerage, UBL after the December quarter results, UBL While there is indication of recovery, Nestle India is also indicating gradually coming back on track in future.
Nestle India: Target Price 2870 | Rating Buy | Upside 30%
Nuvama (Nuvama) has kept a target price of Rs 2870, retaining his ‘BUY’ rating on FMCG sector veteran Stock Nestle India. In this way, the stock can show 30% upside in the long term with a previous closed price. Nestle India shares closed at Rs 2327 in the Special Trading Session on Saturday. According to brokerage, urban demand remains challenging. However, it is temporary and may see improvement in the next two quarters.
Talking about the performance of the share, Nestle India has climbed more than 5% in the last one month. On Monday (3 February), it was trading at Rs 32.65 or 1.40% to Rs 2360. The stock has declined by more than 5% during the last six months. Whereas in the last one year it has fallen 4.98%. The 52 week high of the stock is Rs 2,777 while 52 weeks are Rs 2,131.50.
UPL: Target Price 705 | Rating Buy | Upside 17%
Nuwama has retained its rating on ‘Buy’ on Agrochemical Company UPL. However, brokerage has increased its target price to Rs 705 on stock. Earlier it was Rs 590. In this way, the stock can give 17% upset returns in the long term with a closed price of Saturday (February 1). Saturday UPL’s stock closed at Rs 604.
If we look at the share performance, UPL shares have continued to rise for some time. The stock has climbed more than 17% in the last one month. On Monday (February 3), it also rose and was trading in intra-day trade by climbing Rs 21 or 3.43%. At the same time, it has climbed 21% in the last six months and 22% in the last one year. The 52 week high of the stock is Rs 636 while Rs 429.