FMCG Stocks Outlook for the week (18-22.06.2012)
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RUPEE DESK - FMCG Stocks Outlook for the week (18-22.06.2012)
Stocks of fast moving consumer goods companies are seen gaining ground next week on improvement in investor sentiment. On Friday, stock indices ended around 1.6% higher tracking overseas markets as investor fears were allayed by reports that global central banks have a contingency plan in place.
Stocks of FMCG companies also gained, with index heavyweights Hindustan
Unilever and ITC rising 4.7% and 3.7% respectively. The BSE FMCG Index gained
3.4% in a week when the broader indices, BSE's Sensex and National Stock
Exchange's Nifty, gained 1.4% each. Investors have bought FMCG stocks also to
build positions of relative safety. These shares could see further buying in
the week ahead on renewed activity in the market.
The strong business outlook of FMCG companies is also attracting buyers to
their stocks, as demand for FMCG products continues to grow with most leading
companies in the sector posting nearly 9-10% growth in sales volume in the
Jan-Mar quarter. we remain confident about the domestic consumption pattern and
believe that the volume growth in most consumer categories will remain stable
to moderate.
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