FMCG Stocks outlook For The Week - 03 to 07.12.2018
Stocks of fast moving consumer goods companies will largely track movement in the broader
market next week. Market participants are of the view that valuations of these companies are expensive, and they do not expect much upside from the current levels as of now. The FMCG index is seen in the range of 29300-30300 points next week. This week, the performance of Nifty FMCG index was largely in line with that of Nifty 50. Nifty FMCG index ended 2.9% higher at 30126.25 points from the previous week's close.
Source : Cogencis Information Services Ltd.
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Stocks of fast moving consumer goods companies will largely track movement in the broader
market next week. Market participants are of the view that valuations of these companies are expensive, and they do not expect much upside from the current levels as of now. The FMCG index is seen in the range of 29300-30300 points next week. This week, the performance of Nifty FMCG index was largely in line with that of Nifty 50. Nifty FMCG index ended 2.9% higher at 30126.25 points from the previous week's close.
Source : Cogencis Information Services Ltd.
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