FMCG Stocks
Outlook for the week – 11 to 14.08.2014
( www.rupeedesk.in )
Stocks of fast moving consumer
goods companies are seen trading with a positive bias in
the week ahead as investors are
likely to turn to defensive stocks in a volatile market
environment. A narrowing monsoon
deficit is also aiding the positive sentiment towards
the sector. This week, the BSE
FMCG stocks index inched up 0.15% against a 0.45% fall
in the Sensex.
Given the geo-political tensions
in Ukraine and West Asia, it is very likely that investors
will turn to safe sectors like
pharma and FMCG that itself will improve their
performance, but even
fundamentally good rains will help.
Bullish on FMCG stocks,
technically we will expect most stocks in the sector to remain range-bound in the week ahead.
