The S&P BSE FMCG index, which fell 1.62 per cent in intra-day trade today, has slipped 4.5 per cent in the past two trading days
Sensex sheds 0.08%, Nifty takes a deeper cut of 0.3% at close; mid-caps see 2% cut
Currently, HUL trades at 58 times its estimated earnings for FY23. Nestle is the most expensive FMCG with 69x its FY23 P/E, while ITC is the cheapest at 17.5x
The Nifty Consumption index surged nearly 228 per cent in the last 10 years and has outperformed the frontline Nifty50 that moved up nearly 138 per cent during this period
The run up in stock prices, analysts say, could be a short-term phenomenon and the up move could get sold into as employees grapple with salary cuts and job losses in the quarters ahead
Hindustan Unilever's (HUL's) focus on cost saving and superior products would lead to moderate margin expansion, say analysts
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.