FMCG Stocks Outlook For The Week - 26 to 30.11.2018
Stocks of fast moving consumer goods companies are likely to trade in a narrow range next week, mostly in line with the movement in the broader market. Movement in the Nifty FMCG index is seen limited next week due to lack of major triggers. Protests by farmers in major states may dampen the sentiment as it will force the government to further hike the minimum support price, which in turn, will lead to an increase in cost of raw material for such companies. Nifty FMCG index is seen in the range of 29110-29665 points in the coming week.
Source : Cogencis Information Services Ltd.
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Stocks of fast moving consumer goods companies are likely to trade in a narrow range next week, mostly in line with the movement in the broader market. Movement in the Nifty FMCG index is seen limited next week due to lack of major triggers. Protests by farmers in major states may dampen the sentiment as it will force the government to further hike the minimum support price, which in turn, will lead to an increase in cost of raw material for such companies. Nifty FMCG index is seen in the range of 29110-29665 points in the coming week.
Source : Cogencis Information Services Ltd.
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