The Hindu Business Line : Select FMCG stocks perk up

Godrej Consumer Products, GlaxoSmithKline Consumer and Procter & Gamble have been on a steady rise. The stock price of Godrej Consumer's sister outfit, Godrej Industries, has also been on an uptrend.

The price of the engineering major, Asea Brown Boveri, is showing signs of a fresh uptrend, with gains of Rs 24 over the past four trading days. The quantum is modest, but in the context of the overall market trends in this period, it points to ABB bucking the downtrend.

Select engineering sector-related companies such as Eimco Elecon, Yuken India, Simplex Concrete and K G Khosla Compressors have shown signs of weakness with consistent price decline.

A set of small-cap stocks such as Munjal Showa, Carborundum Universal, Elgi Tread, Paper Products, Bajaj Auto Finance and Solvay Pharmaceuticals have exhibited firm trends. Elgi Tread, in particular, has posted smart gains.

Mid-cap pharmaceutical stocks such as Aurobindo Pharma, IPCA Labs, Divi's Labs and Lupin, to name a few, continue to enjoy market fancy, despite modest declines towards the end of trading week.

Frontline stocks such as Reliance Industries, State Bank of India, Hindustan Lever, Infosys and Steel Authority of India, among others, have exhibited price weakness. Trends in these stocks will determine the direction of market movement.

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