Despite the large economic impact of the Covid-19 pandemic, the markets have recovered sharply even though the performance among individual stocks has been quite polarised
During the quarter ended September 30, FPIs pumped in Rs 7,500 crore (over $1 billion) into banking stocks
Since July 1, shares of Tata Consumer Products have surged an impressive 41 per cent, BSE data shows.
Q4 was weaker than demonetisation and GST times; Q1 could witness even more pain
Firm sees momentum in key segments continuing this year
Revenues fell 12.3% and pre-tax profit dropped 22.5% in March quarter
Over 133 million shares, or 5.7% of the paid-up capital, are being offered for Rs 1,850-1,950 to investors through a special block window
Companies with higher exposure to food and daily essentials, analysts say, are expected to fare better this quarter as compared to those with a skew towards discretionary consumption
The Bizom report has captured insights by analysing data from 30% of the retail space across 400 districts and 2,000 towns and cities; it covers a population of 800 million
The benchmark indices ended marginally lower last week after sharp gains in the preceding two weeks
The weight of FMCG, software and pharma companies in Nifty now at 31.5% from 25.3% in December 2017
Centre allowed transportation of both essential and non-essential items
While hygiene and home care segment, rural-focused players could see better demand, a large portion coming from non-essential products means topline will be impacted
The equity market hasn't yet found a bottom and it is still not a time to bottom fish
In the last 12 months, there has been derating of FMCG stocks on the bourses, against a P/E expansion in the broader market
Consumer index underperformed the broader indices in November as investors looked at alternatives
North India, the largest market for FMCG, saw volume growth falling to 1 per cent from 17 per cent as the FMCG volume shrank by 2 per cent the villages
According to the report, the slowdown had been brewing since 2016 but was intensified further by several disruptions in the past two years including demonetisation
Sales of staples will recover in the second half of the fiscal year that began April 1, as farm-support measures and above-average rain lift rural incomes, the brokerage said in a report
For the quarter ended June 30, 2019, the FMCG bellwether reported 15 per cent year-on-year (YoY) growth in its net profit at Rs 1,755 crore.