“Also, the marriage season is going to be better and that will help a lot of the discretionary demand in terms of gifting, in terms of paints, etc. So, we do see that volume growth for most companies in H2 should be better, plus pricing growth of 2% to 3% will gradually come back,” says … Read more
Britannia Industries Limited announces the closure of its historic factory, in Taratala neighbourhood, Kolkata on June 24, 2024. | Photo Credit: ANI With FMCG major Britannia Industries Limited notifying the stock exchanges that all permanent workers at its Taratala factory in Kolkata have accepted voluntary retirement, a fresh row has erupted over the flight of industry from … Read more
“I do not think the market is bracing for any kind of negative surprise at this point of time. And we do think that given the earnings that we have seen so far and the fact that we have underperformed US markets, there is a scope for some sort of an outperformance once the event … Read more
Technical charts indicate that Nifty and Bank Nifty are currently poised for an upward trend. According to technical analysts, Nifty may ascend towards 22,800 levels, while Bank Nifty could touch 48,500 levels. Stocks such as Sun Pharma, Hero MotoCorp, Tata Steel, Britannia, Divi’s Lab, HDFC Life, PI Industries, Praj Industries, and Sona BLW have exhibited … Read more
Brokerage firm Jefferies maintained a buy rating on Godrej Properties as well as on Bharti Airtel post Q3 results. CLSA recommended an outperform rating on Britannia Industries and an underperform rating on TTK Prestige. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on Godrej Properties: Buy| … Read more
With a nearly 20% rally in 2023, Nifty is overvalued by as much, according to a report by Kotak Institutional Equities. The brokerage remains wary of an absolute return potential of the market from the current levels as it replaces ITC and Larsen & Toubro (L&T) with Britannia and PSU stock NTPC from its concentrated … Read more
Industries Minister Samir Kumar Mahaseth. File Representatives from 16 countries including the U.S., Taiwan, Japan and Germany will attend the Bihar Business Connect-2023, a global investors summit, commencing in Patna on December 12. Also read: Bihar woos investors with road shows, attempts to ‘change perception about State’ Industries Minister Samir Kumar Mahaseth said a total … Read more
Equity indices declined for the sixth straight session on Thursday amid tension in the Middle East. The 30-share BSE Sensex slumped 900 points to settle below the 64,000 mark, while the Nifty dived 264 points to 18,857. Stocks that were in focus included names like BSE, which rose 1.97%, Jubilant Food, which declined 3.84%, and … Read more
Brokerage firm JPMorgan maintained an overweight rating on Godrej Consumer, Morgan Stanley has an overweight rating on Zomato and an overweight rating on Britannia. Macquarie, meanwhile, maintained a neutral rating on Ramco Cement and Jefferies recommends a hold on Torrent Pharma. We have collated a list of recommendations of top brokerage firms from ETNow and … Read more
Earnings of fast moving consumer goods (FMCG) companies witnessed positive volume growth in Q4FY23 after five consecutive quarters of decline. The recovery was led by their performance in the urban markets. FY23 was a year of divergence for the FMCG pack where prices grew despite the dwindling volumes on the back of high commodity prices. … Read more