“Valuations have been on the premium side, but looking at the kind of numbers which keep coming through from Britannia, perhaps well justified,” says Dipan Mehta, Director, Elixir Equities.What happened when it comes to Britannia in terms of the kind of quarterly earnings. If you had to compare it to some of its other peers … Read more
US-based boutique investment firm GQG Partners, which has recently invested in battered Adani group companies, raised its stake in FMCG major ITC during the March quarter. GQG Partners, run by NRI investor Rajiv Jain, has increased its holding from 1.29% in the December quarter to 1.44% at the end of March quarter. GQG Partners Emerging … Read more
“FMCG companies are extremely agile and they will also enjoy higher profit growth, higher EBITDA margins. Also they will not at all pass on the full benefit to the customer because last two years they have gone through this pain also,” says Abneesh Roy, Nuvama Group. When you look at the kind of numbers posted … Read more
Mumbai: Small-cap consumer stocks could give better returns than their larger peers if demand recovery in the fast-moving consumer goods (FMCGs) space is robust, said . , Barbeque-Nation Hospitality, Mrs Bectors Food, and V-Mart are among the brokerage‘s top picks among smaller consumer companies. IIFL’s price targets for these stocks imply a 22-28% upside from … 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
The HUL stock is up over 13% in the past six months but is up 6% in the past one year. The resilient quarterly performance will provide positive reinforcement to the company’s investors in a volatile market. Synopsis Net sales increased 19.5%, net profit 11% and volumes grew 6%. While the home care segment posted … Read more
“The new product launches will add value to and sales would be better in the coming couple of months. So I would buy Maruti with the target of Rs 10,000 from current levels,” says Rahul Shah, V-P, Equity Advisory, . After a 7% move coming from the auto index and with the auto sales data … Read more
Food companies and their dealers and distributors are stocking up more of daily essentials such as cooking oil, rice, wheat, pulses and tea, to avoid any supply disruptions if authorities impose restrictions amid rising Covid-19 cases. Adani Wilmar, the company that sells the Fortune brand of edible oils and other food products, is keeping an … Read more
NEW DELHI: Last month, a technical analyst from a prominent Mumbai brokerage posted a peculiar stock recommendation on his WhatsApp account: CMP: Rs 200 Resistance: Rs 200 Support: Rs 200 Target: Rs 200 Stop loss: Rs 200 Stock: ITC This ridiculous recommendation was obviously not serious, but in jest. Though, it was just one of … Read more
Rural demand for discretionary products from non-essential consumer goods to automobiles is expected to remain muted this fiscal despite record agricultural produce and good monsoon prediction due to a steep surge in Covid-19 cases in India’s villages, a new report has said. “Loss of impulse demand is expected to be more pronounced in rural areas … Read more