Smart money has recently shifted toward fast-moving consumer goods (FMCG) and consumption-related shares, with global macroeconomic volatility in the shape of weak US economic data, a declining Yen, and rising geopolitical tensions dulling the allure of growth and momentum stocks. However, money managers and analysts see limited short-term upside for FMCG stocks due to high … Read more
Dabur India ’s consolidated revenue is expected to register mid-to-high single-digit growth during Q1 FY25, the FMCG major said in its quarterly update via filing to the stock exchanges. The India business is likely to record mid-single digit volume growth with the HPC and healthcare segments expected to grow in high-single digits, the filing said. … Read more
Markets regulator Sebi has asked Religare Enterprises to apply for approvals to let the billionaire Burman family buy more shares in the financial services company, dealing a blow to the company’s attempt to block the move. The Burmans, who founded and control consumer goods conglomerate Dabur India, raised its stake in Religare to nearly 25% … Read more
The India Meteorological Department (IMD) announced its stage-2 long-range forecast for southwest monsoon 2024. It has retained its outlook of an above-normal monsoon this year. It expects rainfall in the upcoming monsoon to be at an eight-year high of 106% (with an error margin of +/-5%) of the long-period average of 870mm for the four-month … Read more
Mumbai: The sharp gains in shares of fast-moving consumer goods companies could be the likely start of outperformance that the sector is set to see over the next few months, said experts, with gains likely even if shares are bought at the current levels. Shares of Marico, Godrej Consumer Products, Hindustan Unilever, Dabur India, Emami, … Read more
