HUL, Nestle and Tata Consumer stocks are seen trading on a divergent note after reporting Q4 earnings; technical charts suggest these stocks can potentially rally up to 15% from present levels.
The consumer giant reported a net profit fall of 5 per cent to ₹885.4 crore in the January-March quarter
HUL Q4 results preview: The company's revenue, on average, for the fourth quarter ended March 31, 2024, is anticipated at ₹14,966.97 crore as compared to ₹14,693 crore a year ago
UBS expects consumer sector to rebound in fiscal 2025-26 (FY26). Prefers Hindustan Unilever (HUL), Britannia, GCPL, Colgate, Trent and others; suggests selling Asian Paints, Dabur
Analysts recommend placing bets on rate-sensitives, hospitals, and power utility stocks
The Union Government has raised the income tax exemption limit to Rs 12 lakh per annum under the New Tax Regime, Finance Minister Nirmala Sitharaman said while presenting the Budget 2025
Nifty FMCG: The range-bound movement of Nifty FMCG, within a defined range of 58,025 to 55,625, reflects a lack of clear directional bias for the index
The upcoming Union Budget is the near-term catalyst, where central government actions to revive consumption cycle would be key.
Stock Market Today: The Nifty FMCG Index is currently trading within a crucial range of 58,050 - 55,675, and any breakout above or below this range will likely trigger significant directional momentum
As FMCG shares led by Godrej Consumer fell up to 11% on Monday post the volume growth concern; the Nifty FMCG index slipped below its 20-DMA after a two-week struggle; chart hints at further 4.5% dip.
The Nifty Energy index is currently consolidating, while, Nifty FMCG has witnessed a temporary technical bounce
The Nifty FMCG index is currently exhibiting a downward trend in the near term, while Nifty Pharma index continues to exhibit a bearish trend in the near term
Nifty Energy is currently trading near critical support levels, around 37,700 and Nifty FMCG is showing a clear downtrend on the charts, with a key support level anticipated around 55,900
The Nifty Energy Index is currently trading within a well-defined range between 39,700 and 38,150
The Nifty Energy Index is currently in an oversold zone, as suggested by technical indicators like the MACD and RSI.
The Nifty Metal Index has been experiencing a downward trend in the near term, as indicated by the recent sharp correction.
FMCG companies: RBI Governor Shaktikanta Das pointed out that core inflation, which excludes food and fuel prices, was on an uptrend in July and August
The Nifty Pharma Index is currently trading in a defined range between 23,700 and 22,700. This suggests that the market is experiencing indecision, with neither buyers nor sellers dominating.
sugar mills and distilleries can produce ethanol from sugarcane juice/sugar syrup, B-Heavy molasses, as well as C-Heavy molasses, during ESY2024-25 as per their agreements with oil marketing companies
Support levels are crucial in this corrective phase, and for the Nifty FMCG Index, key support levels are identified at 61,180 and 59,500.