Stocks to purchase today: GRM Overseas shares are among the multibaggers that the Indian stock market has produced in recent years. Over the previous six months, this small-cap stock has gained from ₹118 to ₹270 on the NSE, representing an almost 125 percent return.
However, some stock market gurus believe this multibagger FMCG stock has further upside potential. GRM Overseas’ share price could soon hit ₹300 from its present market price.
On the triggers that are working in favor of GRM Overseas shares, Saurabh Jain, Deputy Vice President — Research at SMC Global Securities, stated, “Ahead of the festival season and continuous rise in the Indian stock market, FMCG stocks are expected to attract fresh buying as they are expected to outperform other segments in the short to medium term
. So, those FMCG stocks that have done well lately are projected to continue generating great returns.
On the technical pattern regarding GRM Overseas’s share price, Vaibhav Kaushik, Research Analyst at GCL Broking, said, “GRM Overseas share price is on an uptrend and trading above all the major moving averages.
One can continue to hold existing longs with a stop at ₹240 as the stock is poised for newer highs, as indicated by momentum indicators and price action.” the GCL Broking expert said that the company had delivered strong Q1FY25 results. In the wake of the fast-approaching festival season, the market expects strong quarterly numbers in the upcoming quarters