Key risk: Long gestation period for new FMCG categories to fructify
Tata Global Beverage has reported a consolidated total income from operations of Rs 1,802.59 crore and a net profit of Rs 116.24 crore for the quarter ended Jun-2018
"We recommend buying Tata Global at current market price of Rs 294 for the upside target of Rs 315 and keep a stop loss placed below Rs 278," says Nandish Shah, Technical & Derivatives Analyst at HDFC Securities.
Prakash Gaba of prakashgaba.com recommends buying Hindustan Unilever with target at Rs1480 and stop loss at Rs 1452 and Tata Global Beverage with target at Rs 295 and stop loss at Rs 286.
"The immediate support is seen around 10,451 (100DMA) and 10,400 levels. According to daily Pivot charts, the key support level is placed at 10,509, followed by 10,470. If the index starts moving upwards, key resistance levels to watch out for are 10,574 and 10,600," says Abhishek Mondal, Research Analyst at Guiness Securities.
It looks like the worst is over for Indian markets which is reasonably priced; however, stock picking has become difficult. Going forward, if we look at what is happening across the globe and back home, most investors have moderated their return expectations from the market, indicated Porinju Veliyath of Equity Intelligence India.
"FMCG as a sector is doing well. Therefore, we recommend buying Tata Global at CMP of Rs 280 for the upside target of Rs 300 and keep a stop loss below Rs 268," says Nandish Shah, Technical & Derivatives Analyst at HDFC Securities.
Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 3 points.
"The stock has formed an impulse, which suggests that it is poised for a substantial upside. The short term momentum indicators are in sync with the price rise," says Gaurav Ratnaparkhi, Senior Technical Analyst at Sharekhan.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Kotak Mahindra Bank, Shriram Transport Finance, Tata Global Beverage, HDFC, TCS, L&T and ACC and can sell CESC and Cummins India.
Krish Subramanyam, Co-Head Equity Advisory at Altamount Capital is of the view that one can sell Hindalco Industries and Tata Global Beverage.
Krish Subramanyam of Altamount Capital recommends buying Hindustan Zinc and Tata Global Beverage.
Ashwani Gujral of ashwanigujral.com suggests buying United Spirits, Tata Global Beverage and CESC.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Tata Global Beverage and KPIT Technologies and can sell Bharti Airtel, IRB Infra and Reliance Infrastructure.
Prakash Gaba of prakashgaba.com is of the view that Ambuja Cements can move to Rs 245 while M&M may test Rs 720.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy HDFC Bank, TCS, NIIT Tech, ICICI Bank and Kotak Mahindra Bank and can sell Tata Global Beverage.
Vishvesh Chauhan of Monarch Networth Capital recommends buying Minda Industries with a stoploss at Rs 1250 and target of Rs 1350, a buy on Godrej Consumer with a stoploss at Rs 1006 and target of Rs 1090 and a buy also on GE T&D with a stoploss at Rs 408 and target of Rs 460.