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Informist, Friday, May 2, 2025

MUMBAI – Shares of fast-moving consumer goods companies are likely to move sideways in the coming week owing to a lack of triggers, analysts said. However, these stocks are also expected to take cues from the domestic market, with investors likely to buy them due to their defensive nature, in case the volatility increases. On other hand, weak earnings from FMCG companies so far and recovery in demand is still under pressure. Shares of select FMCG companies had seen some selling early this week owing to waek earnings growth in the March quarter.

The India Meteorological Department has forecast an above-normal rainfall at 109% of the long-period average in May. The weather bureau said normal to above-normal rainfall is likely over many parts of the country, except some parts of northwest, central, east and northeast India where below-normal rainfall is likely in May.

Above-normal heatwave days are likely over many parts of the northwest and central India and adjoining east India. Additionally, the sales of consumer durable companies grew at a slower pace due to a delayed summer in the current year. Centrum Broking said there could be near-term growth concern due to weak secondary sales of cooling products in March and April due to delayed summer.

The index is likely to find strong support at 55500 points and face strong resistance at 56900 points, according to analysts. It is likely to move sideways until it breaches either level, they said. A steep downside could be seen if the index falls below 55500 points.

Friday, the Nifty FMCG closed 0.3% lower at 56252.20 points. The index was slightly choppy this week, gaining most of the time. It has fallen 0.5% this week, compared with the 1.3% rise in the benchmark Nifty 50 index. Meanwhile, since the start of 2025, the FMCG index has fallen nearly 1%, while the Nifty 50 has risen 3%.

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Following are the resistance and support levels for the stocks for next week as per calculations by Informist based on their prices on the National Stock Exchange: 

End

Reported by Simran Rede

Edited by Akul Nishant Akhoury

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