Shares to buy for short-term: This stock set to give 25% returns, experts advise to buy

Marico’s numbers for Q3FY19 remained inline with market estimates; sales, EBITDA and PAT were up by 15%,16% and 13% respectively to Rs 1861 cr (close to market expetation of Rs 1847 cr),Rs 999 cr (more than market expectation of Rs 981 cr) and Rs 252 cr ( almost close to market expectation of Rs 260 cr). Domestic volume growth for the quarter remained 5% while International business (IB) grew by 11%in cc terms led by better performance of Bangladesh (16% cc growth) and Vietnam (15% cc growth).

On suggestion for investors in regard to Marico counter Rajeev Anand, Research Analyst, Narnolia Financial Advisors informed Zee Business online in a detailed research citing, "The fundamentals of the Marico counter suggests an upside potential for 25 per cent. An investor can take a buy position in this stock for the target of Rs 460 per shares." Currently, the stock is oscillating around Rs 368 per counter.

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Speaking about the fundamentals of the Marico counter Naveen Trivedi, Analyst, HDFC Securities told, "Marico  delivered a mixed bag with beat in revenue growth and miss on gross margins.  Net  revenues  grew  by 15%, which is above our expectations of 13%. Marico registered a volume growth of 6% as we had expected. The company benefited from softening of copra prices (-23% YoY, -12% QoQ)."

On his suggestion for the investors Naveen Trivedi of HDFC Securities said, "In short-term perspective the stock is poised to show the Rs 394 per share levels. We recommend investors to buy the stock."