FMCG Stocks Outlook For The Week – 05 to 09.02.2018
The stocks of most fast moving consumer goods companies are seen trading higher next week, as the government, in the Budget for 2018-19 (Apr-Mar), increased its outlay on the rural sector, which is likely to boost overall consumption in the country. Among the allocations announced was a sum of 100 bln rupees for the development of animal husbandry and fisheries sector, which is likely to help companies such as Godrej Agrovet Ltd, which sells cattle feed. Bias seen positive on government infra spend SWING RANGE (NIFTY CAPITAL GOODS) SUPPORT: 19750/19630/19300 RESISTANCE: 20200/2600 STOCKS TO WATCH HAVELLS, LT, BHEL, BEL May decline tracking weak broader market SWING RANGE (BSE TELECOM) SUPPORT: 1400/1365 RESISTANCE: 1478/1500 STOCKS TO WATCH TATACOMM, IDEA, BHARTIARTL The tax structure for cigarettes has been left unchanged, which could improve prospects of companies such as ITC Ltd. This comes as a big relief to cigarette companies, which have seen a staggering 202% tax growth since 2011- 12.
Source : Cogencis Information Services Ltd.
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The stocks of most fast moving consumer goods companies are seen trading higher next week, as the government, in the Budget for 2018-19 (Apr-Mar), increased its outlay on the rural sector, which is likely to boost overall consumption in the country. Among the allocations announced was a sum of 100 bln rupees for the development of animal husbandry and fisheries sector, which is likely to help companies such as Godrej Agrovet Ltd, which sells cattle feed. Bias seen positive on government infra spend SWING RANGE (NIFTY CAPITAL GOODS) SUPPORT: 19750/19630/19300 RESISTANCE: 20200/2600 STOCKS TO WATCH HAVELLS, LT, BHEL, BEL May decline tracking weak broader market SWING RANGE (BSE TELECOM) SUPPORT: 1400/1365 RESISTANCE: 1478/1500 STOCKS TO WATCH TATACOMM, IDEA, BHARTIARTL The tax structure for cigarettes has been left unchanged, which could improve prospects of companies such as ITC Ltd. This comes as a big relief to cigarette companies, which have seen a staggering 202% tax growth since 2011- 12.
Source : Cogencis Information Services Ltd.
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