InvestorQ : Do you have any trading tips for Thursday, 19 November? I am having FMCG frontline stocks in my portfolio, what do you suggest that I do?
Ria Jain made post

Do you have any trading tips for Thursday, 19 November? I am having FMCG frontline stocks in my portfolio, what do you suggest that I do?

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diksha shah answered.
1 week ago
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You can look to add two more stocks today, but you must bear in mind that one is a slightly higher risk stock so you must take positions accordingly.

· In the textiles space, one stock that is scripting a good story is Trident, which is into textile home needs. You can look to buy Trident at Rs.7.50 for targets of Rs.15 in 2 month time frame. This is a low priced stock with a big potential but risky too.

· With the bounce in auto stocks, look at Ashok Leyland as a buying opportunity around Rs.95 with targets of Rs.120 in 1-2 month time frame. It is poised to benefit from the HCV segment revival and HCVs are likely to ride the economic revival too.

Regarding your query on FMG stocks, other than ITC, you can look to hold on most stocks as a defensive play. ITC has concerns on fall in profits this quarter and too much reliance on cigarettes business. Hygiene products are likely to continue to do well.

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