www.rupeedesk.in
The stocks of fast-moving consumer goods companies will outperform the market over the next few weeks given that the good harvest season and state elections will boost rural demand. Even though prices of its key raw material--copra have shot up, Marico will benefit as the company has excellent supply chain management and will be able to procure copra at better prices compared to unorganized players.
We expect also bullish on Dabur and believes the company will be able to post double-digit volume growth in Oct-Dec on strong rural demand. It is a favourable time to start accumulating (FMCG) the stocks on any declines from here on. Any decline of 2-3% in the stocks should be used as an opportunity to accumulate long positions.
The stocks of fast-moving consumer goods companies will outperform the market over the next few weeks given that the good harvest season and state elections will boost rural demand. Even though prices of its key raw material--copra have shot up, Marico will benefit as the company has excellent supply chain management and will be able to procure copra at better prices compared to unorganized players.
We expect also bullish on Dabur and believes the company will be able to post double-digit volume growth in Oct-Dec on strong rural demand. It is a favourable time to start accumulating (FMCG) the stocks on any declines from here on. Any decline of 2-3% in the stocks should be used as an opportunity to accumulate long positions.
