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Stock Radar: This FMCG stock approaches oversold zone; rebound above Rs 5000 likely. Is it a buy?
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FMCG giant Britannia Industries has fallen about 14% from July highs and is now trading near oversold levels as well as crucial support zones, which could lead to a technical bounce back in the stock.Short-term traders can accumulate the stock for a technical bounce back towards Rs 5,000 levels in the next couple of months, suggested experts.The FMCG stock hit a 52-week high of Rs 5268 on 6 July, but failed to hold on to the momentum.
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. Read more on economictimes.indiatimes.comAbout this in other media
Stock market update: FMCG stocks up as market rises economictimes.indiatimes.com /8 months ago
Stock market update: FMCG stocks up as market rises economictimes.indiatimes.com /8 months ago
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