“I mean individual positions yes, but otherwise I still think it is well contained and every quarter, every four-five months we see a situation where markets do correct or there is a correction of 5% to 10% which is relatively short lived and it bounces back,” says Nilesh Shah, Envision Capital. Josh and hosh right? … Read more
Brokerage firm Macquarie maintained an underperform rating on United Spirits, CLSA downgraded Sun TV to outperform, and Morgan Stanley remained overweight on M&M and HDFC Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Macquarie on United Spirits: Underperform| Target Rs 910 Macquarie maintained an underperform rating … 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