FMCG Stocks Outlook for the week - 28.09.2015 to 01.10.2015
Range
bound with negative bias as demand slack
( www.rupeedesk.in )
Stocks
of fast moving consumer goods companies may continue to trade range bound with
a negative bias as demand remains sluggish. While some news-driven,
stockspecific movement would be seen in the sector, the overall sentiment is
weak. On technical charts, the CNX FMCG Index could fall to 19000 levels in the
near-term.
Index-heavyweight
Hindustan Unilever, which has been under pressure in past few weeks, is
expected to fall further. We expect are positive on Dabur India stock. Earlier this
week, Dabur India announced its foray into the male professional grooming
market with the launch of a face-care product range under its OxyLife brand.
