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ITC, HUL, Marico, Dabur: Here's how to trade FMCG stocks post Budget 2020

Hindustan Unilever may rally towards Rs 2,300 if it trades above Rs 2,150 levels.

Avdhut Bagkar  |  Mumbai 

Markets on Saturday reacted negatively to the Union Budget 2020-21 presented by the Finance Minister Nirmala Sitharaman as the proposals failed to cheer market participants. Shares of tobacco manufacturers took a beating as the government proposed to increase the National Calamity Contingency Duty (NCCD) on cigarettes, hookah, chewing tobacco, snuff and tobacco extracts and essence.

ITC on Monday slipped over 5 per cent and hit a fresh 52-week low on the BSE. Here's a look at what technical charts indicate for ITC and other FMCG counters - ITC Ltd (ITC): A major breakdown below Rs ...

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First Published: Mon, February 03 2020. 10:55 IST
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