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Titan is our discretionary bet; maintain 'buy' on ITC, says Edelweiss Securities

Updated : January 07, 2019 01:05 PM IST

FMCG stocks Titan and ITC are on the radar on the back of some brokerages betting on the stocks.

Abneesh Roy, senior VP-Institutional Equities at Edelweiss Securities said that Titan continues to invest into business in terms of marriage related offerings and in terms of expansion.

"We expect strong numbers for most of the quarters, so Titan is one of our top discretionary bets and currently we have a target price of Rs 990,” said Roy.

Talking about ITC, he said, "We will see double-digit EBITA growth in ITC in Q3 of FY19."

He further expects 6 percent volume growth in cigarettes in Q3 of FY19 for ITC.
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