Aditya Agarwala, Head-Research & Investments at Invest4edu, has identified two stock selections for today: Hindustan Unilever (HUL) and Dr Lal PathLabs.

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Agarwala is optimistic about the FMCG sector, which has been providing crucial support to the market. Within this sector, Hindustan Unilever stands out as a strong contender, according to him.

His recommendation is to initiate a long position in HUL at its current levels, with a target price of Rs 2,600 on the upside and a stop loss set at Rs 2,450 on the downside. The stock has fallen over 2 percent in the last month.

Agarwala has also identified the healthcare sector, particularly hospitals and diagnostics, as an appealing investment arena. Accoridng to him, Dr Lal PathLabs emerges as a promising candidate.

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Dr Lal PathLabs has recently broken out from a downward-sloping wedge pattern. Agarwala recommends considering a long position in the stock, with a target price of Rs 2,700 on the upside and a stop loss set at Rs 2,300 on the downside. Its shares have gained more than 12 percent in the past month.

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First Published:Sept 27, 2023 1:02 PM IST