FMCG Stocks Outlook for the week – 21 to 25.03.2016
Seen weak as unseasonal rain to hit
farm income
( www.rupeedesk.in )
Stocks
of fast-moving consumer goods companies are expected to be subdued next week,
which will
see
trading only on the first three days, as unseasonal rains in northern and
western parts of the country are seen damaging Rabi crop, thereby hitting farm
income. Markets will remain closed on Thursday and Friday due to Holi and Good
Friday, respectively.
The
country received 11.5 mm rain during the week ended Wednesday, which is around
75% more
than
the weighted average of 6.6 mm, according to data released by India
Meteorological Department.
Rains and thundershowers are likely at many places in the north-eastern
states and at isolated places in the south Indian peninsula on Wednesday and
Thursday, IMD said. Stocks of Marico will be in focus as the Maharashtra state
government has increased value added tax on up to 500 ml coconut hair oil pack
to 12.5%.
