FMCG
Stocks Outlook for the week – 25 to 28.08.2014
( www.rupeedesk.in )
Market participants
expect stocks of fast moving consumer goods companies to move in
a narrow range next
week as the market is seen focusing on sectors such as banking and
capital goods.
The rally in banking
stocks has just begun, and there could be policy changes that affect
the sector, many
mid-sized companies in the capital goods could have a healthy upside,
FMCG stocks will
remain in a trading range. For a longer term perspective, remain
bullish on larger
companies in the consumer space.
ITC trades at a
significant discount to the sector average at current levels. With
uncertainty on the
tobacco tax increases now out of the way for another year, we believe
the stock will see a
period of steady returns in the next year.
