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FMCG Stocks Outlook For The Week - 21 To 25.05.2018

FMCG Stocks Outlook For The Week - 21 To 25.05.2018

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             Equity Cash/Futures/Options Segment 

Stocks of fast moving consumer goods companies are seen extending gains to the next week as the
sentiment remains largely positive after major companies such as Hindustan Unilever Ltd and Britannia Industries Ltd posted strong volume growth. Sales in rural areas outpaced urban demand for most of the companies in the quarter, which is an added positive for the sector. The Nifty FMCG index is likely to rise for the third straight week after gaining 2.4% in the past two weeks. Shares of Colgate-Palmolive (India) will be in focus as the oral care major is scheduled to declare its Jan-Mar earnings on Monday.

Source : Cogencis Information Services Ltd.

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