FMCG stocks to buy, April 15 -- Shares of Jyothy Labs have been maintaining a steady upward trajectory in recent sessions, supported by value buying at lower levels and a second consecutive rate cut by the RBI. In just the last four trading sessions, the stock has surged 23% to reach Rs.367 apiece, outperforming the benchmark indices.

While the stock has been making significant strides in the Indian stock market, domestic brokerage firm Axis Securities, in its latest note, maintained its bullish outlook on the counter, citing multiple tailwinds, including its attractive valuation.

Accordingly, the brokerage has maintained its 'Buy' rating on the stock with a target price of Rs.405, implying an upside of 10% from the stock's latest closi...