FMCG Stocks Outlook for the week (24-28.10.2011)
Godrej Consumer Products last week declared a 2.6% on-year fall in its Jul-Sep net profit at 1.28 bln rupees on account of a higher interest, advertising and marketing expenses and raw material cost. The stock ended down 1.13% on friday at 405.25 rupees on the National Stock Exchange.
However, see the Godrej Consumer counter getting back to its previous levels in a few sessions due to continuing demand for products. The FMCG stocks are seen to be favoured by investors due to strong fundamentals, which attract investors from other sectors such infrastructure, real estate, which have not performed well.
The stocks of fast moving consumer goods companies are expected to continue outperforming the market, with Hindustan Unilever and ITC being in focus due to their Jul-Sep earnings next week. ITC will detail its quarterly performance on Monday, and Hindustan Unilever, Dabur India , and Colgate Palmolive India
Godrej Consumer Products last week declared a 2.6% on-year fall in its Jul-Sep net profit at 1.28 bln rupees on account of a higher interest, advertising and marketing expenses and raw material cost. The stock ended down 1.13% on friday at 405.25 rupees on the National Stock Exchange.
However, see the Godrej Consumer counter getting back to its previous levels in a few sessions due to continuing demand for products. The FMCG stocks are seen to be favoured by investors due to strong fundamentals, which attract investors from other sectors such infrastructure, real estate, which have not performed well.
