GOLDEN RULES FOR TRADING

FMCG Stocks Outlook for the week – 21 to 25.03.2016 Seen weak as unseasonal rain to hit farm income

FMCG Stocks Outlook for the week – 21 to 25.03.2016
Seen weak as unseasonal rain to hit farm income

Stocks of fast-moving consumer goods companies are expected to be subdued next week, which will
see trading only on the first three days, as unseasonal rains in northern and western parts of the country are seen damaging Rabi crop, thereby hitting farm income. Markets will remain closed on Thursday and Friday due to Holi and Good Friday, respectively.

The country received 11.5 mm rain during the week ended Wednesday, which is around 75% more
than the weighted average of 6.6 mm, according to data released by India Meteorological Department.
Rains and thundershowers are likely at many places in the north-eastern states and at isolated places in the south Indian peninsula on Wednesday and Thursday, IMD said. Stocks of Marico will be in focus as the Maharashtra state government has increased value added tax on up to 500 ml coconut hair oil pack to 12.5%.