FMCG STOCK OUTLOOK FOR THE WEEK – 15 TO 19.09.2014
( www.rupeedesk.in )
Stocks of fast moving consumer goods companies are seen trading with a positive bias
next week, we bullish on stocks of mid-cap companies in the sector. While companies
like HUL (Hindustan Unilever) are touching lifetime highs, the opportunities are now in
the mid-caps like Tata Global and Marico. While Tata Global has strong value unlocking
potential, Marico will benefit from lower raw material prices.
During the week, stocks of India's largest fast moving consumer goods companies
Hindustan Unilever touched a lifetime high of 764.45 rupees on Thursday. Owing to the
strong performance of Hindustan Unilever, the BSE FMCG index rose 1.8% during the
week, outperforming the 0.13% rise in the benchmark Sensex.
Marico is set to benefit from the recent softness in the price of copra, which is a key raw
material for the company (accounting for 40% of its total cost).
