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Top 3 stock picks by Vaishali Parekh: ITC, MRPL, KEI Industries | Target, stop-loss, Nifty, Bank Nifty outlook

ITC is in focus.

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Stock market outlook: Vaishali Parekh believes Dalal Street bias has improved after pull back rally on…

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Against that, the stock is -3.8% on the day at ₹255.50, and has returned -9.4% over three months. It sits 39% below its 52-week high, which means a good deal of bad news was already in the price. The fmcg sector has moved -4.2% over the same period, so ITC is running 5.2 points behind its peers.

For ITC, the question is how much of this is already reflected in the price and how much re-rates the fmcg peer set alongside it.

  • The company directly in focus is ITC.
  • Sector exposure: FMCG.
ITCFMCG