FMCG Stocks outlook For The Week - 31.12.2018 To 04.01.2019
Stocks of fast moving consumer goods are likely to rise next week, taking strength from rollover of long positions of stocks from the sector. The Centre may roll out sops for the farm sector will also keep demand strong for FMCG stocks, as such as move will lift rural consumption. Low inflation is also seen as aiding sentiment. Inflation being down is a big positive for the consumer goods sector and likely boost to farm income ahead of the general elections in 2019 will be an additional help. Trade volumes may be subdued in the coming week as many foreign participants go on annual leaves in the first week of New Year.
Source : Cogencis Information Services Ltd.
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Stocks of fast moving consumer goods are likely to rise next week, taking strength from rollover of long positions of stocks from the sector. The Centre may roll out sops for the farm sector will also keep demand strong for FMCG stocks, as such as move will lift rural consumption. Low inflation is also seen as aiding sentiment. Inflation being down is a big positive for the consumer goods sector and likely boost to farm income ahead of the general elections in 2019 will be an additional help. Trade volumes may be subdued in the coming week as many foreign participants go on annual leaves in the first week of New Year.
Source : Cogencis Information Services Ltd.
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