New Delhi. A big decline has been seen in the stock market today on Monday. In intraday, the BSE Sensex fell by 1290 points during the day's trading. At the same time, the Nifty plunged 400 points to reach 23,600. Due to no strong trigger point being found amid the selling by foreign investors, there is an atmosphere of volatility in the market. Amidst the instability in the market, there is now an opportunity to invest in some stocks with strong fundamentals. Brokerage firm Nuvama Institutional Equities has advised investors to buy Dabur India and Marico Limited shares.

Nuvama has given a 'buy' rating on Dabur India for the long term. Today, Dabur India's stock fell more than 4% to Rs 503.60 per share. Nuvama has set a target price of Rs 650 for Dabur India shares. In this way, this stock can jump by about 29% from the current price. According to the brokerage, Dabur India's growth in the third quarter has been less than initial expectations. Nuvama said in its report that Dabur India's stock may see pressure in the short term. But with better broader economic indicators, FMCG growth is expected to gradually improve.

Brokerage firm CLSA has given a 'Hold' rating to Dabur India stock and has set its target price at Rs 582. The brokerage says that during the third quarter, general business remained under pressure, while channels like modern and e-commerce continued their strong growth. Brokerage firm Morgan Stanley has given an 'Equivalent' rating to Dabur India stock and has set its target price at Rs 531.

Marico shares will bring earnings
Brokerage firm Nuvama has given 'buy' rating to Marico, the company that makes Saffola oil and Parachute hair oil, for long term investment. The brokerage has set its target price at Rs 740. On Monday, the company's stock fell more than two percent in intra-day trade to Rs 644 per share. The company's stock has risen by about 18% in the last one year. According to the brokerage, the FMCG company is focusing on sales-based growth while being cautious on margins in the near term.