Consumption Stocks: Gautam Duggad of Motilal Oswal says that investors should now put a bandage on shares of Trent Limited, Titan Limited and Indian Hotels after the budget. He said that the three shares related to the consumption can give good returns to investors. In a conversation with our colleague CNBC-TV18, he has named these shares and said that he is his top-3 favorite shares in the congestion sector. It is also interesting that these three companies are part of the Tata Group. Duggad said that the growth of Trent is double or tripled compared to the rest of its rivals. He said that weakness in conference will be cured in the next 2-3 quarters.
Shares related to conjunctivation have been in the headlines since the budget is presented on Saturday 1 February. Finance Minister Nirmala Sitharaman announced in the budget that a person with income up to 12 lakhs (excluding a capital gense) under the New Tax Regime will no longer have to pay any tax with the help of tax exemption.
Duggad said that since this announcement, consumer staples stocks are likely to be resting and they are especially more bulls on the ‘descending consumption stocks’.
Motilal Oswal has placed Trent in the list of his top favorite shares of his largecap segment after Budget 2025 and has fixed a target price of Rs 8,310. On the other hand, the target price of Titan Limited has been fixed at Rs 3,850 and the target price of indinical hotels has been fixed at Rs 960. According to these target prices, Indian hotels are expected to rose by up to 18% from the current level, 7% in Titan and 34% in Trent.
Currently, in the stock market, Trent’s shares are trading at ₹ 6,224 by growing up 0.5% to ₹ 6,224. At the same time, Indian Hotels shares increase by 1.7% to ₹ 815, while Titan shares were trading up 1.2% to ₹ 3,593.
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