Home-grown FMCG major Emami on Saturday announced the acquisition of the remaining 49.6 per cent stake in Helios Lifestyle, which owns male grooming brand ‘The Man Company’. Helios Lifestyle is already a subsidiary of Emami with 50.4 per cent shareholding, according to a statement from Emami. “The completion of the acquisition of Helios by Emami … Read more
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
The first quarter earnings season is underway and as many as 88 companies will announce their quarterly numbers on Thursday. Key results to watch out for include ITC, Sun Pharma, Tata Motors, Adani Enterprises, Adani Ports, Zomato and Dabur. Apart from the above, companies like AB Capital, Clean Science Tech, Emami, Escorts Kubota, Indegene, Le … Read more
Nifty is facing downward pressure, and a drop below 21,950 is expected to initiate a sell-off towards 21,770, said technical analysts. However, the FII long-short ratio in the index futures stood at around 32%, suggesting that the markets might be nearing oversold territory. Analysts said if the Nifty closes above 22,150, it could present a … 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
NH Bhansali, CEO-Finance, Strategy & Business Development, Emami, says “margins have really improved compared to the previous year and this has helped us improve on the EBITDA and the PAT by double digit despite a very low single digit growth. We feel this margin would sustain because in the past periods, there had been a … Read more
Brokerage Nomura maintained a buy rating on Fortis Healthcare, ICICI Securities initiated a buy on Cello World, Morgan Stanley maintained a positive view on HPCL and Emkay has a positive view on Emami. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on Fortis Healthcare: Buy| Target … Read more
