FMCG Stocks Outlook For The Week - 19 To 22.11.2018
Stocks of major fast moving consumer companies are likely to extend their positive momentum next week due to robust demand outlook. Strong Jul-Sep earnings have also boosted the sentiment. FMCG stocks is expected to do well in the coming week, as the overall outlook for consumption stocks is bullish on the back of rural growth and rising demand. Next week, the FMCG index is seen at 29050-29300 points. This week, the Nifty FMCG index ended 1.5% higher at 29153.35 point. The index ended in green in three of the five sessions.
Source : Cogencis Information Services Ltd.
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Stocks of major fast moving consumer companies are likely to extend their positive momentum next week due to robust demand outlook. Strong Jul-Sep earnings have also boosted the sentiment. FMCG stocks is expected to do well in the coming week, as the overall outlook for consumption stocks is bullish on the back of rural growth and rising demand. Next week, the FMCG index is seen at 29050-29300 points. This week, the Nifty FMCG index ended 1.5% higher at 29153.35 point. The index ended in green in three of the five sessions.
Source : Cogencis Information Services Ltd.
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