In August, they invested the highest sum into fast-moving consumer goods (FMCG) stocks, while yanking out money from high-beta sectors such as auto and banking.
Saion Mukherjee says the market is already factoring in earnings recovery from the June 2021 quarter
Its stock price is up 20% since the beginning of August, against 10% rally in Sensex
After touching its all-time high of 56,198.13 in early trade, the 30-share BSE Sensex ended 14.77 points or 0.03 per cent lower at 55,944.21
BSE Metal falls 6.9%, NSE Metal 6.4% as benchmarks retreat for 2nd day
Hopes of demand recovery and plateauing of input costs coupled with stock underperformance are triggers
ITC has certainly provided a trend line breakout on all time frames and is anticipated to surge higher
Analysts said the outlook from June 2021 onwards is positive, barring the emergence of a third COVID wave
M-cap of top 10 firms has risen 12% in 1 year, against 42% rally in Nifty50
The stock gains 21 per cent; improvement in financial metrics key to sustain show
FMCG, real estate, IT report positive flows
Second wave and weak sentiment are likely to impact consumption
Analysts forecast a high, single-digit growth in sales volume along with up to 25 per cent YoY growth in net profit for the FMCG giant
The maker of KitKat chocolate bars and Nespresso coffee confirmed its full-year and medium-term sales guidance.
If the Nifty FMCG index manages to sustain above the 35,000-levels, it is expected to see a fresh breakout toward 36,200 to 36,400 levels
Formerly, known as Tata Global Beverages, Tata Consumer is currently undergoing a transformation to become a multi-category FMCG company from a food and beverage (F&B) company
Strong growth for the tech sector, margin headwinds for FMCG firms to tilt the scale in favour of the former, say analysts
Company's FMCG business to increase from 25 per cent of revenues in FY20 to 30 per cent in FY23, say analysts
The stock had run up as much as 40% since November
Shares of ITC were trading nearly 1 per cent lower on the BSE ahead of its December quarter results due to be announced later today