Defensive bets in uncertain times; FMCG stocks with upside potential of up to 30%

Sometimes the rationale which goes against owning a set of stocks when a bull run is just starting, the same rationale is applicable for buying the same stocks when there is a high risk of correction in stock markets. Large cap FMCG stocks because of both fundamental and technical reasons like overall shareholder pattern fall in that category of stocks.ET screener powered by Refinitiv’s Stock Report Plus lists down mid and small cap stocks from the FMCG sector with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".