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Source: Live Mint Indian stock market extended its slide to the second consecutive day on Friday, November 08, as sharp selloff in major large-cap stocks, including Reliance Industries, ICICI Bank, State Bank of India, and Trent, weighed heavily on the frontline indices, causing them to end the session in the red. The 25-basis point rate…
Source: Live Mint Multibagger Stock: Shares of Gillette India have been on a steady upward trajectory in recent sessions following the company’s impressive financial results for the quarter ending September. Since the announcement of its Q2 results on October 28, the stock has experienced a remarkable run, finishing the subsequent seven trading sessions, including today’s,…
Source: Live Mint Indian FMCG stocks have emerged as the worst performers in October so far, primarily due to a combination of factors that have negatively impacted investor sentiment. The disappointing performance in the September quarter has raised concerns among analysts and investors as many leading FMCG companies reported results that fell below expectations, prompting…
Source: Live Mint Indian stock market today: Indian stocks struggled once again to gain momentum, as significant declines in FMCG and realty stocks dragged the frontline indices to a flat close on Thursday, October 24. While banking stocks, particularly those from the public sector, provided some support to the market, they were insufficient to lift…
Source: Business Standard 4 min read Last Updated : Oct 15 2024 | 1:57 PM IST Gopal Snacks Q2 results impact: Fast moving consumer goods (FMCG) company Gopal Snacks shares dropped as much as 4.37 per cent to hit an intraday low of Rs 420.15 per share. The drop in the share price came…
Source: Live Mint Hiren Ved, director and chief investment officer at Alchemy Capital Management, noted that investors are increasingly moving away from traditional FMCG stocks. “They are turning to aggregators and e-commerce platforms, particularly quick commerce, which sell both discretionary as well as non-discretionary consumer items as it provides a better proxy for growth as…
Source: Live Mint In a note, domestic brokerage firm HDFC Securities has maintained its optimistic view on Heritage Foods, highlighting its well-diversified product portfolio, robust distribution network, strong long-term relationships with farmers, and commitment to high-quality premium products. These factors position Heritage Foods to take advantage of India’s growing dairy industry. The company boasts a…
Source: Live Mint The FMCG sector is expected to post mid-to-high single-digit value growth, led by improvement in volume growth, amid recovery in rural markets, analysts at InCred Equities said. While urban market growth is expected to remain sluggish, rural markets are likely to grow 300 – 400 bps higher in value terms, aiding the…
