Mumbai: Almost a generation of market participants have been trained to abide by the golden rule: don’t fight the Fed. But, an army of investors and traders these days is defying this tenet, even as the American central bank retains its hawkish policy tone. The Sensex and Nifty on Friday closed at record levels just … 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
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
” I can only say that there is possibility of improvement from here on and as I said that the gross margins will definitely improve. So, to that an extent our investment in the top line, the growth initiative will also be there,” says Anuj Jain, MD, Kansai Nerolac Paints. Do you think the market … Read more
(This story originally appeared in on May 08, 2023) MUMBAI: It’s been halfway through the results season and the initial set of numbers for the January-March quarter (Q4FY23) show that frontline companies have performed slightly above estimates, with companies from the banking & financial services (BFSI) outperforming companies from other sectors. The 26 Nifty companies … Read more
NEW DELHI: Driven by a healthy balance of volume and pricing mix, food major Nestle India impressed analysts by posting a 21% year-on-year (YoY) revenue growth in the March quarter, its highest in the last 10 years. With prices of key commodities remaining elevated, Nestle’s gross margins, however, dipped by 150 bps YoY to 53.8%. … Read more
Simon Rawson, deputy chief executive of ShareAction, said: “Nestle has said it wants to sell healthier food, but it hasn’t given assurances that it will also address its less healthy food sales, which is essential to turn the tide against the harmful effects of diet-related ill health.” Source link
Shares of Nestle fell 4% to Rs 18,837.6 in Friday’s intraday trade on BSE after the company reported Q4 earnings below market expectations. FMCG major Nestle India on Thursday posted a 66% year-on-year (YoY) rise in net profit at Rs 628 crore for the fourth quarter ended December 2022. The profit stood at Rs 379 … Read more
Indian shares lacked direction on Wednesday in the lead up to the key US inflation data on Thursday with both bulls and bears failing to make a headway. Equity indices closed flat in a highly volatile session. Gains of banking, financial and IT stock were offset by , and . The Nifty50 index ended 18 … Read more
After opening in the negative territory on Tuesday, Indian equity indices bounced back amid volatile trading and closed higher on the second straight day, led by banking, financial and IT stocks. The Nifty50 index closed 35 points or 0.19% higher at 18,232, while the S&P BSE Sensex rose 126 or 0.21% to settle at 61,294 … Read more