Tata Securities has prepared an in-depth research report analyzing the best FMCG stocks and identified the ones you can invest in
Tata Securities has prepared an in-depth research report analyzing the best FMCG stocks and identified the ones you can invest in
Tata Securities has pointed out that slowing volume growth, coupled with high valuations, reinforces their underweight stance on the FMCG sector. Over the past three years, strong volume & earnings growth trajectory, along with investors’ preference for defensive sectors, resulted in a sharp out-performance for the sector as a whole. Apart from slowing volume growth, expensive valuations too remain an area of concern. While some stocks have reverted to their average one-year forward P/E multiples, many others continue to trade at a premium of anywhere between 10-30% over their average forward multiples. Tata has identified the best large-cap and mid-cap FMCG stocks to buy now
