2025-04-11 11:27:45 am | Source: Religare Broking Ltd
Stock of the day : Buy Godrej Consumer Products Ltd For Target Rs. 1330 - Religare Broking Ltd
Godrej Consumer Products Ltd
Buy Godrej Consumer Products Ltd CMP 1242.35 Range 1240-1244 SL 1200 Target 1330
* The FMCG sector is exhibiting a decent recovery and Godrejcp is leading the charge.
* After retesting its key long-term average i.e. 200 WEMA, the stock has been steadily gaining ground.
* The stock has decisively surpassed its intermediate resistance around 1190-1200 level, with formation of a strong bullish candle accompanied by high trading volume.
* We expect this positive momentum to continue and hence one can consider to go long in the mentioned range
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