Contra view: After 30% returns in 3 months for Balrampur Chini, HUL, ITC, other FMCG stocks, is a slowdown lurking?
- Posted on September 19, 2024
- By Business News Today
- 2 Views
Contra view: After 30% returns in 3 months for Balrampur Chini, HUL, ITC, other FMCG stocks, is a slowdown lurking?
Domestic brokerage JM Financial sees the outperformance of FMCG stocks reversing and has recommended investors to trim their positions in the overall sector on every rise. It sees seasonality effect Nifty FMCG's mean and the median underperformance stood at 6.3% and 6.4%, respectively.
