FMCG Stocks Outlook
for the week – 25 to 29.07.2016
(Seen mixed, Asian
Paints Apr-Jun earnings eyed)
Stocks of fast moving consumer goods companies are seen
trading on a mixed note next week, with
stock specific movement likely. Focus will also be on stock
of Asian Paints Ltd as it will announce its
Apr-Jun results.
In the week gone by, Hindustan Unilever Ltd said that the
near-term market growth is likely to remain muted. This statement by the company caused the stock to
move into a negative zone and ended the week 4% lower at 903.20 rupees on the National Stock
Exchange.
We are expecting that most consumer stocks are over-valued
at their current levels and expect rangebound to negative movement in the short
term. Britannia Industries Ltd and Godrej Consumer
Products Ltd are expected to trade with a positive bias.