FMCG Stocks Outlook for the Week – 06 to 10.06.2016
(Move in a range; bias positive; HUL
may gain)
( www.rupeedesk.in )
The shares of fast-moving consumer goods companies are expected to
move in a narrow range in the absence of fresh triggers. However, trade is expected
to be positive as underlying market sentiment is upbeat. The Reserve Bank of India's
bi-monthly monetary policy will be in focus next week, and any positive
statements or move by the central bank will provide a further leg-up to the current momentum
in stocks.
Although the unanimous opinion is that the RBI will maintain
status quo on rates, direction on further interest rates, and more importantly,
Governor Raghuram Rajan's second term at the RBI will be watched.
Though India Meteorological Department's forecast of a favourable
monsoon has been factored in stock prices in the last two weeks, it is seen as a
positive factor for investors. This week, most consumer stocks ended on a positive note on the
back of the forecast of good a monsoon. Contrary to views of fundamental analysts on
the sector, consumer stocks are seen up on the charts. Shares of Hindustan Unilever are
expected to trade positive and the stock is
seen touching 940 rupees next week
