britannia shares

Nifty overvalued by 20%, says Kotak Equities, picks Britannia, NTPC for its All-Season portfolio

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Nifty overvalued by 20%, says Kotak Equities, picks Britannia, NTPC for its All-Season portfolio

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

Indonesia palm oil export ban dents FMCG stocks; oil companies rally

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Indonesia palm oil export ban dents FMCG stocks; oil companies rally

New Delhi: FMCG stocks were in a rude shock during early trade on Monday following a shortage of palm oil which led to strict actions from major exporting nations. However, edible oil companies gained over the buzz. Indonesia’s ban on palm oil exports shocked global edible oils markets that already reached record high prices this … Read more