FMCG stocks outlook for the week – 04 to 08.01.2015
(Seen trading narrow range with
positive bias)
( www.rupeedesk.in )
Stocks
of fast-moving consumer goods companies are seen trading
in a
narrow range with a positive bias next week, and earnings estimates
for
Oct-Dec will be the key drivers for these stocks.
We
expect that despite weak sales, FMCG companies are expected to
post
modest volume growth on the back of discounts given during the
quarter.
Most FMCG companies offered discounts and promotions during
the
quarter in a bid to increase sales. Technically remain positive on
Hindustan
Unilever and Britannia Industries.