FMCG Stocks Outlook For The Week – 20 To 24.11.2017
FMCG Stocks Outlook For The Week – 20 To 24.11.2017
The stocks of most fast moving consumer goods companies are seen trading weak in the near term as
companies have so far seen low Seen weak as investors flee post Lupin warning sales volumes in the preceding quarters. Companies such as Hindustan Unilever Ltd, Britannia Industries Ltd and Godrej Consumer Products Ltd had, however, registered healthy sales volumes during Jul-Sep and the momentum may continue for them. A normal monsoon in India, increasing pace of innovation, premiumisation and expected recovery in its international business would drive Godrej Consumer's performance. The goods and services tax council decision to revise down the rates of several items from the highest tax bracket of 28% should also help enhance earnings powers of FMCG companies. It will help companies such as Nestle India Ltd and Dabur India Ltd, and the impact will be neutral for quick service restaurant companies such as Jubilant Food Works Ltd The GST council on Nov 10 approved the biggest overhaul of item fitments so far, bringing 178 items to the 18% tax bracket from 28%. Products such as detergents, shampoos, hair dyes, deodorants and chocolates were among the items for which tax rate was brought down to 18%.
Source : Cogencis Information Services Ltd.
Free Stock Options :Register To Get 2 days Trial Tips
Equity Cash/Futures/Options Segment
Register for Daily Rs 2000/- Profit in Stock Options
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
Click Here : Free Nifty Intraday Chart Live
Today Nifty Stocks Support and Resistance Level
Today Free Nifty Option Tips
Today Free Banknifty Option Tips
Today Free Stock Option Tips
This Week - Weekly Sector Report
Live Hourly Stock and Nifty Trend
FMCG Stocks Outlook For The Week – 20 To 24.11.2017
companies have so far seen low Seen weak as investors flee post Lupin warning sales volumes in the preceding quarters. Companies such as Hindustan Unilever Ltd, Britannia Industries Ltd and Godrej Consumer Products Ltd had, however, registered healthy sales volumes during Jul-Sep and the momentum may continue for them. A normal monsoon in India, increasing pace of innovation, premiumisation and expected recovery in its international business would drive Godrej Consumer's performance. The goods and services tax council decision to revise down the rates of several items from the highest tax bracket of 28% should also help enhance earnings powers of FMCG companies. It will help companies such as Nestle India Ltd and Dabur India Ltd, and the impact will be neutral for quick service restaurant companies such as Jubilant Food Works Ltd The GST council on Nov 10 approved the biggest overhaul of item fitments so far, bringing 178 items to the 18% tax bracket from 28%. Products such as detergents, shampoos, hair dyes, deodorants and chocolates were among the items for which tax rate was brought down to 18%.
Source : Cogencis Information Services Ltd.
Free Stock Options :Register To Get 2 days Trial Tips
Free Intraday Tips : Join Our Whatsapp No : 9841986753
Free Commodity Tips : Join our Whatsapp No : 9094047040
