110575Pay attention to these 9 things before investing in hybrid mutual funds

The Indian stock market showed consistent growth on Wednesday. Today, the BSE Sensex closed at 63,229 points with a gain of 85 points. Similarly, the NSE Nifty gained 41 points and closed at 18,757 points. This upward trend in the market has started since the end of March 2023. It is believed that the current financial year could yield good returns. Goldman Sachs has also stated that the Nifty could rise by an additional 7% from current levels until the next March. Amidst this, technical analyst Nitilesh Pavsakar has recommended investing in Hindustan Unilever and HCL Technologies.

HUL has a positive outlook:

Hindustan Unilever is a leading company in the FMCG sector. The demand for branded products associated with daily use is increasing rapidly in the market. Consequently, this company has a brilliant outlook. Therefore, it has been recommended for investment. The current price of the share is Rs. 2,698.95. The expert suggests placing a stop loss at Rs. 2,695 for investment and setting a target range of Rs. 2,780 to Rs. 2,850.

HCL Tech shows promise:

HCL Technologies, a renowned company in the technology sector, has provided good returns to long-term investors. The share has given a return of 14.36% to investors in one year and 138.75% in five years. It is estimated that this share should go above Rs. 1,140. It is currently priced at Rs. 1,132. It can be considered for investment in the cash segment by placing a stop loss at Rs. 1,050 and setting a target range of Rs. 1,250 to Rs. 1,300.