We
believe stocks of fast moving consumer goods companies will remain rangebound
in the
week ahead as focus shifts to other heavyweight companies that are scheduled to detail
their Oct-Dec earnings. People are going to focus on companies like Tata Steel
and Hindalco
that are declaring results next week. FMCG stocks are unlikely to see any fresh buying.
Stocks of most FMCG companies have been trading in a range. From a valuation perspective,
long term investors can consider buying shares of Godfrey Phillips India and Marico,
as they are likely to have the strongest growth trajectory over the next two
years.
