Why Abhay Agarwal prefers Dixon & Amber to Voltas or Blue Star

Why Abhay Agarwal prefers Dixon & Amber to Voltas or Blue Star

Abhay Agarwal, Founder & Fund Manager, Piper Serica, says “outsourced manufacturing as a concept is here to stay and it will reward large players. While there is nothing wrong with branded players like Voltas or Blue Star, we would like to back very efficient, large and getting larger manufacturers like Dixon and Amber purely for … Read more

Samvat 2079 recap: 50% of the top 10 recommended stocks deliver double-digit returns

Samvat 2079 recap: 50% of the top 10 recommended stocks deliver double-digit returns

With Samvat 2079 drawing to a close, a glimpse into the journey of Dalal Street investors shows a year marked by major ups and downs, but India stood strong against the global mayhem and managed to give a Diwali dhamaka! The journey since last Diwali began with benchmark indices hitting lifetime highs in December 2022, … Read more

Marico Q2 Results: Net profit rises 17% YoY to Rs 353 crore; firm to pay Rs 3 dividend

Marico Q2 Results: Net profit rises 17% YoY to Rs 353 crore; firm to pay Rs 3 dividend

Consumer goods company Marico on Monday reported a 17% year-on-year (YoY) growth in its consolidated net profit to Rs 353 crore for the quarter ended September 2023. The same stood at Rs 301 crore a year ago. Revenue from operations declined marginally to Rs 2,476 crore in the said quarter as against Rs 2,496 crore … Read more

Q2 results this week: Airtel, Adani Enterprises, Zomato, Tata Motors, L&T, Titan, IndiGo and others

Q2 results this week: Airtel, Adani Enterprises, Zomato, Tata Motors, L&T, Titan, IndiGo and others

The second quarter results, even though a bit mixed, were largely in line with the expectations so far. While the IT companies’ revenue forecasts were muted, private lenders reported good margins and improved asset quality. In the upcoming week, a slew of Nifty companies and some Adani group firms will announce their earnings. Here’s a … Read more

Hot Stocks: Brokerage view on PNB, L&T Finance, Marico and Indian Hotels

Hot Stocks: Brokerage view on PNB, L&T Finance, Marico and Indian Hotels

Brokerage firm Morgan Stanley maintained an underweight rating on PNB as well as on L&T Finance. Macquarie recommends an outperform rating on Marico and Emkay initiated coverage on Indian Hotels with a buy rating. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on PNB: Underweight| … Read more

Marico Q2 Update: Revenue to dip on rural recovery drag

Marico Q2 Update: Revenue to dip on rural recovery drag

Indian consumer goods maker Marico said on Wednesday its revenue for the second quarter dipped as rising food prices and below-normal rainfall distribution delayed recovery in rural demand. Revenue in the quarter was marginally lower on a year-on-year basis, dragged by pricing corrections in key domestic portfolios over the last 12 months, which will progressively … Read more

6 FMCG stocks touch their 52-week high, gaining up to 35% in a month – New Highs

6 FMCG stocks touch their 52-week high, gaining up to 35% in a month – New Highs

Coal India Share Price 274.00 03:59 PM | 07 Sep 2023 18.20(7.11%) Larsen & Toubro Share Price 2846.40 03:59 PM | 07 Sep 2023 115.95(4.25%) IndusInd Bank Share Price 1439.60 03:59 PM | 07 Sep 2023 30.95(2.20%) SBI Life Share Price 1347.50 03:59 PM | 07 Sep 2023 27.70(2.10%) Tech Mahindra Share Price 1269.25 03:59 … Read more

2 top stock recommendations from Aditya Arora

2 top stock recommendations from Aditya Arora

” Reliance is the heaviest weighted counter in Nifty and it has been a thing that whenever market needs a strong support when every other counter is lacking strength then Reliance comes back into action,” says Aditya Arora, Adlytick.Have we missed the big move on Reliance or it is just breaking out? Should any pullback … Read more

FMCG index tops 50,000 for the first time

FMCG index tops 50,000 for the first time

Mumbai: The Nifty FMCG, or Fast Moving Consumer Goods index, hit the 50,000 mark on Friday for the first time ever as smart investors mounted bets on select consumer-oriented companies such as ITC, Nestle and United Spirits as a defensive play in an uncertain environment. The index comprising 15 of India’s top consumer companies jumped … Read more