FMCG Stocks Outlook For The Week - 30.07.2018 To 03.08.2018

FMCG Stocks Outlook For The Week - 30.07.2018 To 03.08.2018

             Equity Cash/Futures/Options Segment 

Stocks of fast moving consumer goods companies are seen extending gains to the next week as
companies in the sector are expected to report strong Apr-Jun earnings. Strong performance of ITC's
consumer goods operations point towards robust demand scenario for the entire sector. The Nifty
FMCG index is likely to rise for the second straight week after gaining 5% in the past week. Any movement in benchmark indices on account of Reserve Bank of India's monetary policy statement on Wednesday may also impact Nifty FMCG. We expect the central bank to raise the repo rate by 25 basis points. Shares of Godrej Consumer Products, Tata Global Beverages, Emami, Marico and Dabur India will be in focus, as these companies are scheduled to report earnings for the June quarter in the week.

Source : Cogencis Information Services Ltd.

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