Fairval

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FMCG set to outperform

Posted by fairval on April 3, 2007

Have to agree with a recent Citi report, which says FMCG stocks would do well going forward. The reason is quite evident from the table above. Most FMCG stocks have lagged the market when the market was rocketing up. Companies like HLL and Nestle are now available at close to 4% or so dividend yield and at PE levels close to the low of their historical trading range. With the broad market like to remain flat or fall, the safety of dividend yield and quality companies will appeal to many investors.

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