Latest Updates Around The World
Shares of FMCG giant Dabur India could see action on Friday, January 30, after it reported a 7% year-on-year increase in consolidated net profit for the December quarter at Rs 560 crore, compared to Rs 522 crore in the same period last year. The profit after tax (PAT) accrues to the owners of the holding […]
Driven by GST reforms, robust festive demand and softening commodity prices, the FMCG sector expects volume-based growth, supported by mid-single digit sales growth and improved operating margins in the December quarter.After resolving the GST-induced disruptions, with distributors and retailers focusing on liquidating existing higher-priced inventory in the channel, the FMCG companies have witnessed signs of […]
According to Sandip Sabharwal, founder of askandipsabharwal.com, the strong credit growth reported by leading banks in the December quarter points to an improving economic cycle, even as select consumer and retail sectors face challenges in the near term.Speaking to ET Now, Sabharwal said double-digit loan growth at most major banks reflects rising economic activity after […]
Domestic FMCG company Dabur on Friday said it has received an observation letter with “no adverse comments” from the BSE on its Scheme of Amalgamation or Sesa Care.Domestic FMCG company Dabur on Friday said it has received an observation letter with “no adverse comments” from the BSE on its Scheme of Amalgamation or Sesa Care. […]
Amidst a challenging market environment and uneven corporate profits, Parag Thakkar emerged Fort capital highlighted select blue chip companies and FMCG stocks as attractive opportunities for long-term investors, especially those looking for “contra” bets. While discussing Hindustan Unilever (HUL), Thakkar noted the stock’s long-term underperformance but also expressed confidence in the future. “We recently bought […]
The Nifty 50 looks set to challenge a new all-time high this week as six key factors could converge to strengthen bullish sentiment – from expectations of a US Fed rate cut and an easing in FII selling to strong domestic earnings and progress in trade talks. The optimism comes after the benchmark index nearly […]
The NSE Nifty 50 index has been set for a large stir, with five shares ready to attract more than $ 1 billion in passive flows, while the half-yearly Nifty Rejig comes into force on 30 September, according to Nuvama Institutional shares. Interglobe Aviation (Indigo), Max Healthcare, State Bank of India, Bajaj Finnier and ITC […]
In an exclusive interaction with Etrarkets, Rajesh Palviya, Senior Vice President – Research (Head Technical & Derivatives), Axis Securities, that the upcoming GST rationalization will probably activate a strong consumption boost on important segments. According to him, companies such as Dabur, Marico, Trent and Select Cement are names that benefit meaningfully from the expected demand […]
