www.rupeedesk.in
Stocks of fast moving consumer goods companies are seen moving higher in the next few weeks. Stocks of FMCG companies have corrected 3-12% in the past week as some institutional investors sold stocks owing to the sell-off in the broader market. ITC looks like a good buy at this level at it is trading at a reasonable valuation of 23 times two-year forward earnings. Investors with a one-year perspective should also look at buying into stocks of Tata Global Beverages, which currently trades at 20 times two-year forward earnings. While analysts are recommending investors buy into stocks of frontline FMCG counters, most institutional dealers say small and mid-cap companies such as Jyothy Laboratories and Emami make good investment options, as they are more resilient to a slowdown in the economy.
Stocks of fast moving consumer goods companies are seen moving higher in the next few weeks. Stocks of FMCG companies have corrected 3-12% in the past week as some institutional investors sold stocks owing to the sell-off in the broader market. ITC looks like a good buy at this level at it is trading at a reasonable valuation of 23 times two-year forward earnings. Investors with a one-year perspective should also look at buying into stocks of Tata Global Beverages, which currently trades at 20 times two-year forward earnings. While analysts are recommending investors buy into stocks of frontline FMCG counters, most institutional dealers say small and mid-cap companies such as Jyothy Laboratories and Emami make good investment options, as they are more resilient to a slowdown in the economy.
