Buy Marico, Grasim Industries: Manoj Murlidharan

Manoj Murlidharan of Religare Securities told CNBC-TV18, "We are looking into the rollover data and this is the month where FMCG and precisely it might be IT which might outperform when we are comparing for the entire month. We like Marico, the stock has seen good buying and even the volume weighted average price (VWAP) concept of buying has worked for that. So we advocate buying, at Rs 283, you should buy that. The stop loss should be Rs 278 and we are expecting a target close to Rs 300-302.""Grasim Industries from the cement sector is also a buy, Rs 4,960 should be the levels where you can buy on the current month futures. Rs 4,920 should be the stop loss and we are expecting a target of close to Rs 5,080 on that," he said."The good part about metals is that if you go back just 12 months in the past, the entire market was opened in terms of derivative weightage that was around low of the day and I guess it was 2012 where the metal sector used to be around 5.8-6 percent. The risk reward has been positive, we are seeing good buying which has come into the cement and metal sector if you go back three months. So I would still go with Hindalco Industries. I guess the stock has a move all the way to Rs 172 but the point here is that the fair pricing or the weighted average price to buy Hindalco would be somewhere close to Rs 148-150.""Precisely, I would just give a call on Grasim, we have an event where the stock was split, 10:2, so for the event, it should be Rs 992, should be the price that we might see coming. So, the stop loss on that stock should be Rs 968 and the target should be Rs 1,054 on that."