UBS has turned bullish on India’s consumer sector, projecting 13% earnings growth for FY26 and naming Avenue Supermarts, Trent, and Hindustan Unilever as its top stock picks. The brokerage upgraded multiple stocks in the space, betting on a rebound in demand, easing input cost pressures, and income stimulus from tax cuts and the forthcoming Eighth … Read more
A confident NDA could propel the Nifty towards 26,300 and beyond in the medium to long term, says Rupak De, Senior Technical Analyst at LKP Securities. Edited excerpts from a chat in which the analysts also shares two stock ideas for the week. In the post-election result week, do you see some signs of more … Read more
Cipla. Share Price 1409.00 04:03 PM | 23 Jan 2024 92.75(7.05%) Sun Pharmaceutical Industries. Share Price 1378.30 04:03 PM | 23 Jan 2024 52.15(3.94%) Bharti Airtel. Share Price 1158.00 04:03 PM | 23 Jan 2024 34.25(3.05%) ICICI Bank. Share Price 1029.05 04:03 PM | 23 Jan 2024 20.35(2.02%) Hero MotoCorp. Share Price 4444.20 04:03 PM … Read more
Shares of ITC fell 2.7% to the day’s low of Rs 438.25 on the NSE despite a better than estimated June quarter earnings reported. The Street remained unimpressed despite buy views from a couple of top brokerages viz. Jefferies and Nuvama and an add recommendation by Kotak Institutional Equities, as selling pressure in the FMCG … Read more
Apollo Hospitals Enterprises Share Price 4984.50 03:54 PM | 05 Sep 2023 159.65(3.31%) Coal India Share Price 255.35 03:59 PM | 05 Sep 2023 7.55(3.05%) Sun Pharmaceutical Industries Share Price 1131.90 03:59 PM | 05 Sep 2023 23.00(2.07%) Bharat Petroleum Corporation Share Price 350.20 03:59 PM | 05 Sep 2023 5.50(1.60%) Bajaj Auto Share Price … Read more
“The Nifty FMCG index is at its peak currently. Many stocks including ITC, Varun Beverages, Britannia, and Nestle are gliding higher especially given that they have delivered good numbers in the quarter gone by,” says Kaizad Hozdar – Investment Advisor, TrustPlutus Wealth. In an interview with ETMarkets, Hozdar said: “After a brutal 2022 when margins … Read more
The year 2022 has turned out to be a historic one for index stock not in one, but many ways. Companies in the fast moving consumer goods sector have had a tough year grappling with skyrocketing commodity prices, sluggish rural demand, and weak profitability. But sector majors such as have managed to maneuver these hurdles … Read more
The recent outperformance of shares of fast moving consumer goods companies indicates that investors have looked past the profitability challenges and are betting on India’s long-term consumption story. Not only has the Nifty50, but the Nifty FMCG index also scaled a lifetime high. On a YTD basis, the sectoral index has outperformed Nifty50, with more … Read more
Fast moving consumer goods bellwether is seen reporting double-digit growth in the revenue for the quarter ended September, led primarily by price hikes and some rise in sales volume. The revenue is seen rising nearly 15% on year to Rs 14,600 crore, the average of estimates given by eight brokerages showed, and this will largely … Read more
Select stocks from the FMCG space managed to give 50-100 per cent returns in the last year, outperforming the S&P BSE FMCG index by a wide margin which is up over 7 per cent in the same period and 16 per cent so far in 2022. Stocks that more than doubled investors’ wealth in the … Read more