Pharma shares may be in focus as India's apex health research organization ICMR has raised concerns around the safety for use of the oral antiviral drug Molnupiravir
Marico shares dropped 3% following a tepid Q3 update. High inflation and poor demand led to its muted growth. And this could be a sector-wide phenomenon. Should investors turn away from FMCG players?
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Hindustan Unilever and the FMCG pack will be in focus as distributors in Maharashtra plan to stop supply HUL products in phases from Jan 1, also rural demand for FMCG has been weak in Dec quarter
ITC said the company will hold its 'Institutional Investors and Financial Analysts Day' on Tuesday, 14th December, 2021 from 10.30 a.m.
The broader markets also weakened towards the end of the trade, and the BSE Midcap and Smallcap indices ended with a loss of 1.4 per cent each
Telecom shares may be in demand on credit of bank guarantee to the telcos
In the FMCG basket, Britannia, Colgate Palmolive, HUL are on the shopping list of A K Prabhakar, head of research at IDBI Capital
Maruti expects December production at its Gujarat and Haryana plant to be impacted by the ongoing semiconductor shortage
The company said its foods franchise is on course to reach the Rs 500 crore mark in FY22
On the bourses, the stock of the cigarette-to-hotels conglomerate rallied 16 per cent on the BSE during the quarter under review, as against around 13 per cent gain in the benchmark S&P BSE Sensex
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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