Motilal Oswal lists top 5 FMCG stocks to bet on amidst industry growth woes
Updated : 2019-10-11 11:52:29
The Nifty FMCG index has risen 4.5 percent in the last one month and around 11 percent in the last one year, outperforming the Nifty index. However, rural growth slipped below urban growth for several consumer staple companies in the September quarter (Q2FY20) after eight quarters of continued outperformance, said brokerage firm Motilal Oswal Financial Services (MOFSL) in a report. It added that the on-going liquidity concerns, the succession of drought and floods during the monsoon season in large parts of the country, and muted initial response to the festive season added to the woes. Despite the weak demand environment, MOFSL is bullish on five stocks in space.