www.rupeedesk.in
Stocks of fast moving consumer goods companies to continue to trade muted in the week
ahead as they believe investors will focus specifically on companies in cyclical
businesses. For the week ended May 9, the BSE FMCG index significantly underperformed
benchmark indices. While the Sensex surged 2.6%, the BSE FMCG index
registered a rise of just 0.7%.
Interest in FMCG stocks will be very limited considering the markets are focusing on
elections. Given the hopes of a win by the BJP-led NDA, it will be infra companies that
will hog the limelight. Ideally, investors should focus on fundamental factors like belowaverage
monsoons and corporate results, but as of now everyone from fund managers to
retail investors are eyeing just election results. In the week ahead Asian Paints and Nestle
are scheduled to detail their Jan-Mar earnings.
Stocks of fast moving consumer goods companies to continue to trade muted in the week
ahead as they believe investors will focus specifically on companies in cyclical
businesses. For the week ended May 9, the BSE FMCG index significantly underperformed
benchmark indices. While the Sensex surged 2.6%, the BSE FMCG index
registered a rise of just 0.7%.
Interest in FMCG stocks will be very limited considering the markets are focusing on
elections. Given the hopes of a win by the BJP-led NDA, it will be infra companies that
will hog the limelight. Ideally, investors should focus on fundamental factors like belowaverage
monsoons and corporate results, but as of now everyone from fund managers to
retail investors are eyeing just election results. In the week ahead Asian Paints and Nestle
are scheduled to detail their Jan-Mar earnings.
