FMCG Stocks Outlook for the week – 08 to 12.05.2017
FMCG Stocks Outlook for the week – 08 to 12.05.2017
( www.rupeedesk.in )
The stocks of fast moving consumer goods companies are seen trading sideways next week. Stocks of ITC and Hindustan Unilever are expected to move up, while those of Dabur India and Colgate Palmolive are likely to see a correction. Since the FMCG index is impacted most by ITC and HUL, the index should be positive in the coming week. ITC and Hindustan Unilever, which have higher reach in rural areas, are seen gaining in the near term as the projection of a normal southwest monsoon is expected to boost retail and wholesale trade channel volumes. Dabur India's stock has been in the correction mode after its Jan-Mar results were announced on May 1, when markets were closed for Maharashtra Day. Dabur continues to face stiff competition from Patanjali Ayurved Ltd in categories such as oral care and hair care. Marico's scrip too witnessed correction after initial gain because of its Jan-Mar results announced Tuesday. The correction is likely to continue next week.
Source : Cogencis Information Services Ltd.
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FMCG Stocks Outlook for the week – 08 to 12.05.2017
( www.rupeedesk.in )
The stocks of fast moving consumer goods companies are seen trading sideways next week. Stocks of ITC and Hindustan Unilever are expected to move up, while those of Dabur India and Colgate Palmolive are likely to see a correction. Since the FMCG index is impacted most by ITC and HUL, the index should be positive in the coming week. ITC and Hindustan Unilever, which have higher reach in rural areas, are seen gaining in the near term as the projection of a normal southwest monsoon is expected to boost retail and wholesale trade channel volumes. Dabur India's stock has been in the correction mode after its Jan-Mar results were announced on May 1, when markets were closed for Maharashtra Day. Dabur continues to face stiff competition from Patanjali Ayurved Ltd in categories such as oral care and hair care. Marico's scrip too witnessed correction after initial gain because of its Jan-Mar results announced Tuesday. The correction is likely to continue next week.
Source : Cogencis Information Services Ltd.
