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Buy Godrej Consumer & ITC, says Religare Securities’ Manoj Murlidharan

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The latest analysis and commentary by stock market guru Manoj Murlidharan, VP-Derivatives at Religare Securities on what is moving the markets today.

The latest analysis and commentary by stock market guru Manoj Murlidharan, VP-Derivatives at Religare Securities on what is moving the markets today.
He shared his views and readings on Godrej Consumer Products and ITC.
Talking about stocks, he said, “We recommend buying Godrej Consumer in the cash market and Rs 660 odd is where we feel it can be bought because it has seen good rollover and buying from March to April series and we believe that April might see levels of Rs 714 to Rs 718. So as of now Rs 660 is where we recommend buying with a stop loss at Rs 650 and a target of around Rs 680 on that.”
“ITC is a favourite bet and we believe that buying with a weighted average price of Rs 293 is prudent, stop loss should be Rs 287 and a target close to Rs 306 to Rs 307 is where we believe the target would be in the short-term,” he added.
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