FMCG Stocks Outlook for the week – 27 to 30.04.2015
( www.rupeedesk.in )
Stocks
of fast-moving consumer goods companies are likely to be choppy next week amid
the expiry of derivatives contracts, Jan-Mar earnings announcement, and broader
market sentiment.
We
expect defensive sectors to perform better next week, the overall mood in
broader markets remains weak on concerns over minimum alternate tax and weak
rupee against the dollar, which may limit any major upside in FMCG stocks.
Godrej
Consumer Products and Marico will be in focus as they will detail their Jan-Mar
earnings on Tuesday and Thursday, respectively. On the whole, FMCG companies are
likely to report an overall revenue growth of 10.2% in Jan-Mar.
There
would be stock-specific movements next week but the overall trend is seen
choppy due to F&O (futures and options) expiry. Technically, we could see
some rebound in the FMCG space after the fall this week. Along with the
earnings, market participants will look out for details on growth in sales
volumes of the companies for more cues.
