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FMCG Stocks Outlook for the week – 09 to 13.03.2015
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( www.rupeedesk.in )
Indian Stock indices are seen consolidating in a narrow range in next week on the outcome of
European Central Bank's policy meet on last week thursday and the release of a host of economic data on next week. While on the international front, market participants will watch out for the US non-farm payroll data Friday, in India, the index of industrial production for January and consumer price index-based inflation for February are to be released next week.
We expect banks, pharmaceutical, information technology, and fast-moving consumer goods
companies to gain next week, and we believe that the shift towards defensive sectors like Pharma and FMCG is a short-term direction, till the time action is taken for post budget measures (important bills in budget session).The confidence continues to be good with increasing momentum in mid and small cap stocks.
The banks to recuperate in the early part of the next week and see HDFC Bank as the strongest performer. Among specific stocks, Tata Consultancy Services may gain on positive guidance given by the company on its Jan-Mar earnings and National Fertilisers is seen declining as it has closed down operations in some of its units. Similarly, United Spirits stock will also be in focus as the company has discontinued its manufacturing at its Hooghly unit.
( www.rupeedesk.in )