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
The Indian market fell for the third straight day as traders preferred to book profits amid expensive valuations. The S&P BSE Sensex fell nearly 400 points while the Nifty50 managed to hold on to 22,300 levels. “Despite positive global cues, the domestic market continued to consolidate. The domestic market is witnessing profit booking due to … Read more
The Indian market is likely to consolidate on Tuesday tracking muted global cues. The Nifty future closed flat at 22134 levels on Monday. India VIX was up by 1.50% from 13.69 to 13.90 levels. Volatility has been hovering within a band and creating swings in the market. Positive market setup was seen in stocks like … Read more
The interim budget is unlikely to immediately trigger a consumption revival though increased focus on rural housing and post harvest activities could help spur demand for daily household products and groceries in villages in the long term, leading consumer goods companies have said.Slower demand in rural markets has been dragging the overall growth of the … Read more
Brokerage firm Morgan Stanley remains equal-weight on Marico and Titan. Meanwhile, MS is overweight on GCPL even as CLSA has maintained a ‘Sell’ view on the stock. Nomura has taken a neutral view on Marico while HSBC has a buy take on Titan. We have collated a list of recommendations from top brokerage firms from … Read more
