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Axis Securities’ conviction buys in the FMCG sector are Varun Beverages and DOMS Industries. “We believe the FMCG sector offers a compelling blend of defensive growth, premiumisation potential, and resilient return ratios in an otherwise volatile market,” Axis said.

— Buy Varun Beverages | Target: Rs 590 | Upside: 14%

— DOMS Industries | Target: Rs 2,820 | Upside: 13%

– Trent | Target: Rs 6,160 | Upside: 13%

(Axis Securities)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)