“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
Brokerage firm SPARK initiated coverage on Arvind with a buy rating, HSBC upgraded Colgate Palmolive India to a buy from hold earlier while it downgraded Nestle India to hold. Centrum Institutional Research initiated coverage on Ugro Capital with a buy rating. We have collated a list of recommendations from top brokerage firms from ETNow and … Read more
Rahul Sharma, Director, JM Financial Services, says “there is a very big breakout in Grasim. About 21 months of consolidation. Finally,, cement stocks are seeing a bit of attraction this week. Rs 2,200-2,500 is the projected target for the next 12 months. So both short term and long term, Grasim looks pretty solid. Also, go … Read more
The world’s top consumer and luxury goods companies have seen sales of everything from cosmetics to condoms grow in China since Beijing ended strict COVID-19 curbs, another sign that the world’s No. 2 economy is reviving after the pandemic. Upbeat comments on Wednesday from Reckitt Benckiser, Nivea-maker Beiersdorf, Moncler and Puma came after data showing … Read more
“For and the numbers were quite challenging. So clearly in their case, the competitive intensity and the raw material pressure and slightly the rural demand is also challenging for Colgate,” says Abneesh Roy, Nuvama Group.First up, your read through of the earnings so far, United Spirits, Colgate, specifically weaker side.Yes this quarter if you see … Read more
Global brokerage firm Credit Suisse maintained its neutral rating on , JPMorgan remained overweight on and Jefferies maintained a buy rating on . We have collated a list of recommendations by top brokerage firms from ET NOW and other sources: Credit Suisse on Siemens: Neutral| Target Rs 2825| LTP Rs 3037Credit Suisse maintained its neutral … Read more