“I would think that the downsides could be limited for many of these companies given the fact that they are zero debt, most of them, and cash flow generating companies with a decent dividend yield, but the upside also is limited given the lack of visibility,” says Sandip Sabharwal, asksandipsabharwal.com.What is your take on the … Read more
The second quarter earnings season is underway and 44 companies will announce their numbers for the July-September 2024 period on Friday. Key results to watch out include from Jio Financial, Tata Consumer, ICICI Lombard and ZEEL. Apart from the above, Advik Capital, Best Agrolife, Duncan Engineering, Hindustan Zinc, Indostar Capital, Manba Finance, L&T Finance, Roselabs … Read more
Shares of FMCG major Tata Consumer fell up to 5% to day’s low to Rs 1,112 on BSE in Wednesday’s trade after its March quarter consolidated net profit fell 19% year-on-year (YoY) to Rs 217 crore. Goldman Sachs has maintained a neutral rating on the stock with a target price of Rs 1,030. Goldman noted … Read more
Equity indices Sensex and Nifty closed higher for the third session in a row on Tuesday, following gains in telecom, tech and consumer durable shares amid a firm trend in the global markets. Stocks that were in focus included names like ABFRL, which rose 9.24%, Tata Consumer, which was flat, and HUL, whose shares increased … Read more
Benchmark indices surged to their fresh all-time highs on Friday, driven by a sharp rally in IT stocks. The 30-share Sensex jumped 999 points to reach a new record of 72,721 and the Nifty climbed 281 points to reach its fresh record peak of 21,928. Stocks that were in focus included names like Tata Consumer, … Read more
Brokerage firm Nomura maintained a buy rating on Tata Consumer, and CLSA maintained a buy on GAIL India and Bharti Airtel. Also, CLSA has an underperform rating on JSPL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on Tata Consumer: Buy| Target Rs 1075 Nomura maintained … Read more
A plethora of companies are scheduled to release their quarterly earnings on Tuesday, and topping the list are Nifty 50 majors Bharti Airtel, Larsen & Toubro, and Tata Consumer Products. Indian Oil Corporation, GAIL (India), Mankind Pharma, Jindal Steel & Power, Adani Total Gas, Star Health and Allied Insurance, Max Financial Services, Vedant Fashions, Motherson … Read more
The Nifty could touch 20,600 if it manages to breach the 20,400 level. Analysts, however, said upsides would be tougher to come after the recent run-up and crucial support is at 19,900. Tata Steel, Grasim, Tech Mahindra, Alkem Labs, Tata Consumer, and Union Bank could gain in the short term, while analysts anticipate continued weakness … Read more
Brokerage firms such as Citigroup initiated a buy rating on Tata Consumer, CLSA maintained its buy rating on Eicher Motors, and Macquarie retained an outperform rating on Asian Paints. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on Tata Consumer: Buy | Target Rs 1,020Citigroup initiated … 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