Emkay flags 4 FMCG buys after 32% Nifty FMCG selloff; GCPL, Dabur among picks
Emkay Global says the Nifty FMCG index's 32% correction mirrors past major falls since 2004 and offers accumulation comfort. It names Godrej Consumer Products (target Rs 1,470), Dabur (Rs 520), Balrampur Chini (Rs 620-660) and Gujarat Ambuja Exports (Rs 195) as buys, with index targets at 56,000/62,000.
Emkay Global says Nifty FMCG index's 32% correction offers accumulation comfort, matching past major falls since 2004. It flags four FMCG stocks to buy: Godrej Consumer Products, Dabur India, Balrampur Chini and Gujarat Ambuja Exports, with price targets.