FMCG Stocks Outlook for the week – 18 to 22.05.2015
(Seen
trading narrow range and earnings eyed)
Shares
of fast-moving consumer goods companies are likely to trade in a narrow range
next week but given the volatility in broader markets, defensive stocks may get
some preference. FMCG, pharmaceutical, and information technology stocks are
generally considered as defensive sectors. The sector is viewed as positive
among defensives as it does not depend on foreign currency or regulatory
approvals like information technology and pharmaceutical companies.
In
the coming week, market participants will focus on Asian Paints and Colgate
Palmolive India, which will detail their Jan-Mar earnings on Monday and
Tuesday, respectively. Asian Paints is likely to post a 33% year-on-year rise
in its consolidated net profit to 3.81 bln rupees in Jan-Mar, as lower input
costs may improve margins.
