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Private consumption driving growth in Q3 with rural India taking lead: RBI  The slack in speed observed in the Indian economy during the second quarter of 2024-25 is behind us as private consumption is back to being the driver of domestic demand with festival spending lighting up real activity in Q3, according to the RBI’s monthly bulletin for November.   The report points out that rural India is emerging as a gold mine for e-commerce companies in this festival season; this is expected to gather further momentum with the sharp increase in kharif o...
Private consumption driving growth in Q3 with rural India taking lead: RBI
Private consumption driving growth in Q3 with rural India taking lead: RBI
Source: IANS
2024-11-21 02:23:43 pm
Buy Dabur India Ltd For Target Rs. 700 by Yes Securities Ltd Dabur India Ltd. (DABUR) Sep’24 quarter was marred by strategic decision of rationalization of inventory in the General Trade (GT) channel and impact from heavy rains & floods on the business especially the beverages portfolio. India FMCG sales was down by ~7.6% but secondary sales for the quarter grew at over 2%. International business reported strong constant currency (CC) growth of 13% YoY but due to currency conversion impact, reported INR growth stood at 3.3%. With rural footpr...
Buy Dabur India Ltd For Target Rs. 700 by Yes Securities Ltd
Buy Dabur India Ltd For Target Rs. 700 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-21 01:47:35 pm
Stock of the day : ITC Limited For Target Rs. 485 - Religare Broking   ITC Limited   * ITC recently witnessed selling pressure from record highs. * Day price action decodes decent reversal from 200 EMA, which is its long-term           moving average. * According to past data feeds and repeated instances, stock has given bounce over its 200 EMA. * Stock recommendation: We maintain momentum buy and reversal bounce from the said levels. * Traders are recommended to play the reversal bounce to test its immed...
Stock of the day : ITC Limited For Target Rs. 485 - Religare Broking
Stock of the day : ITC Limited For Target Rs. 485 - Religare Broking
Source: Religare Broking Ltd
2024-11-19 11:06:30 am
Buy Marico Ltd For Target Rs. 750 by Yes Securities Ltd 2H to see double-digit growth; EBITDA to lag Marico Ltd. (MRCO) 2QFY25 domestic business saw some improvement in its volume trajectory (+5% YoY volume growth) driven by core as well as new franchises. Realizations have turned positive (price hikes + reversal in pricing cycle) this quarter supporting domestic revenue growth of ~8%. Incremental currency headwinds in some overseas markets restrained consolidated growth to 7.6%. Impact of inflation in domestic core portfolios was more than off...
Buy Marico Ltd For Target Rs. 750 by Yes Securities Ltd
Buy Marico Ltd For Target Rs. 750 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-15 02:41:52 pm
Neutral P&G Hygiene and Healthcare Ltd For Target Rs.16,500 By Motilal Oswal Financial Services Ltd Underperformance continues * P&G Hygiene and Healthcare (PGHH) delivered flat sales YoY at INR11.3b in 1QFY25 (est. INR12.4b) (FY ending June). Last three-year CAGR was 3% for the quarter and FY24 growth was 7.5%. Volume growth was muted in 1Q, after clocking healthy growth in 2HFY24 (12% growth). The company has witnessed growth in the feminine care category. * Gross margin expanded 200bp YoY/370bp QoQ to 62.9% (est. 61.5%). Ad spends were up by 13% YoY (15.2% of sales). ...
Neutral P&G Hygiene and Healthcare Ltd For Target Rs.16,500 By Motilal Oswal Financial Services Ltd
Neutral P&G Hygiene and Healthcare Ltd For Target Rs.16,500 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-15 12:04:06 pm
Add Gillette India Ltd For Target Rs. 9,500 by Yes Securities Ltd Strong growth; Outperforms peers in Sept quarter Gillette India Ltd. (GILL’s) Sept’24 quarter saw a sharp beat driven by strong growth of 23% in the Grooming business (5-yr revenue CAGR at 13.6%). The performance looks even more commendable as it comes at a time when FMCG peers are seeing consumption pressure in urban markets. We believe this robust is driven by multiple factors (1) improved rural growth aiding volumes in Guard portfolio, (2) introduction of upgraded Guard prod...
Add Gillette India Ltd For Target Rs. 9,500 by Yes Securities Ltd
Add Gillette India Ltd For Target Rs. 9,500 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-15 11:29:55 am
Buy Dabur Ltd For Target Rs.700 By Motilal Oswal Financial Services Ltd In-line quarter; positive commentary for 2HFY25 * Dabur’s 2QFY25 performance was largely in line with our estimate. Consolidated revenue declined 5% YoY (in line) primarily due to a temporary adjustment in General Trade (GT) inventory because of the growth in emerging channels. India revenue declined 8% YoY, while secondary sales grew by 2%. Urban demand has moderated (MGT expects bottoming out), with rural demand outpacing it by 130bp in secondary sales. International business grew ...
Buy Dabur Ltd For Target Rs.700 By Motilal Oswal Financial Services Ltd
Buy Dabur Ltd For Target Rs.700 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-15 11:08:07 am
Analysis-India`s middle class tightens its belt, squeezed by food inflation  India's city dwellers are cutting spending on everything from cookies to fast food as persistently high inflation squeezes middle class budgets, threatening the country's brisk economic growth. Slowing urban spending over the past three to four months has not only hurt the earnings of largest consumer goods firms, it has raised questions about the structural nature of India's long-term economic success. Since the end of the pandemic, India's economic growth has bee...
Analysis-India`s middle class tightens its belt, squeezed by food inflation
Analysis-India`s middle class tightens its belt, squeezed by food inflation
Source: Reuters
2024-11-13 02:50:23 pm
Buy Marico Ltd For Target Rs.750 By Motilal Oswal Financial Services Ltd Operationally in line; commentary remains positive * Marico (MRCO) reported consol. revenue growth of 8% YoY (in line) in 2QFY25. Domestic revenue growth was 8% YoY with 5% volume growth (4% in 1QFY25). International growth was 6% YoY (13% cc growth). * Parachute coconut oil (PCNO) posted 10%/4% YoY growth in value/volume. The growth was driven by pricing adjustments at the year's start. A ~4% price increase was also implemented at the quarter's end. PCNO gained 110bp ...
Buy Marico Ltd For Target Rs.750 By Motilal Oswal Financial Services Ltd
Buy Marico Ltd For Target Rs.750 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-13 11:51:39 am
Rural consumption of FMCG goods surged 60 pc over last 2 years There has been a 60 per cent rise in the average FMCG basket size among India’s rural consumers in the last two years, driven by a growing preference for convenience products, according to the latest Group M and Kantar report released on Monday.  "Rural India has seen a marked increase in the average basket size from 5.88 in 2022 to 9.3 in 2024, driven by higher consumption in convenience categories like RTE, beverages etc," the report states. This reflects the evol...
Rural consumption of FMCG goods surged 60 pc over last 2 years
Rural consumption of FMCG goods surged 60 pc over last 2 years
Source: IANS
2024-11-12 09:06:18 am
Rural markets stay ahead of urban centres in growth for FMCG goods: NielsenIQ India's fast-moving consumer goods (FMCG) sector grew 5.7 per cent by value and 4.1 per cent by volume in the July-September quarter driven by rural demand which grew faster than urban markets for the third consecutive quarter, according to the latest report by consumer intelligence firm NielsenIQ.  Rural demand growth was recorded at 6 per cent which was twice as fast as the 2.8 per cent increase in urban demand during this period, it said. "Traditional trade volumes grew...
Rural markets stay ahead of urban centres in growth for FMCG goods: NielsenIQ
Rural markets stay ahead of urban centres in growth for FMCG goods: NielsenIQ
Source: IANS
2024-11-08 01:54:16 pm
Neutral Hindustan Unilever Ltd For Target Rs. 2,845 By Yes Securities Ltd Volume recovering gradually; Pricing turns positive in 2H Hindustan Unilever’s (HUVR) 2QFY25 performance was in-line with our estimate. Underlying Volume Growth (UVG) came in slightly below at 3% (5-year CAGR at ~2.8%) versus our est. of 4%. UVG decline in Soaps and Tea was offset by high-single digit UVG in Fabric Wash & Household Care. Tea category growth was impacted by downgradations while Soaps will take couple of quarters to recover from the recent price actions at the mass...
Neutral Hindustan Unilever Ltd For Target Rs. 2,845 By Yes Securities Ltd
Neutral Hindustan Unilever Ltd For Target Rs. 2,845 By Yes Securities Ltd
Source: Yes Securities Ltd.
2024-11-07 06:13:34 pm
Foreign outflows of $3.1 billion from Indian financials drive record monthly sales in October, data shows Foreign portfolio investors (FPIs) pulled out about $3.1 billion from Indian financial stocks in October, the second-highest amount ever from the sector and accounting for 30% of the record overall withdrawal for the month, data showed on Thursday. The 260.42 billion-rupee selloff in financials - the heaviest weighted index on the benchmark NSE Nifty 50 - contributed to the record monthly outflows of $11.2 billion. This triggered a 6% drop in the Nifty 50 and BSE Sensex, their worst mon...
Foreign outflows of $3.1 billion from Indian financials drive record monthly sales in October, data shows
Foreign outflows of $3.1 billion from Indian financials drive record monthly sales in October, data shows
Source: Reuters
2024-11-07 04:15:43 pm
Buy Hindustan Unilever Ltd For Target Rs.2,820 By Geojit Financial Services Ltd Favourable price expected to aid future growth Hindustan Unilever (HUL), a subsidiary of Unilever PLC, is India’s leading FMCG company. It has over 35 brands across 20 categories, such as soaps, detergents, shampoos, and skin care * In Q2FY25, HUL reported a revenue growth of 1.5% YoY, mainly due to growth in the home care segment, while beauty & personal care and foods & refreshment segments declined. * The home care segment revenue grew 8.0% YoY due to higher volume i...
Buy Hindustan Unilever Ltd For Target Rs.2,820 By Geojit Financial Services Ltd
Buy Hindustan Unilever Ltd For Target Rs.2,820 By Geojit Financial Services Ltd
Source: Geojit Financial Services Ltd.
2024-11-07 03:55:52 pm
India economic activity remains strong, cenbank governor says, amid growth concerns Economic activity in India remains strong, with the agriculture and services sectors doing well, India's central bank governor said on Wednesday, commenting on fears of slowing growth. Inflation, however, remains a challenge and the next move on interest rates must be weighed carefully, Shaktikanta Das, governor of the Reserve Bank of India, said at an event. "(Economic) data which is coming in is mixed. But the positives outweigh the negatives and, by and large, underlying act...
India economic activity remains strong, cenbank governor says, amid growth concerns
India economic activity remains strong, cenbank governor says, amid growth concerns
Source: Reuters
2024-11-06 02:15:45 pm
Buy ITC Ltd For Target Rs.575 By Motilal Oswal Financial Services Ltd Resilient print despite challenges * ITC delivered consolidated revenue growth of 17% YoY (beat) in 2QFY25, due to high growth in agri business. Core business performance was largely in line with estimates despite several challenges. *  Gross cigarette revenue grew by 7%, driven by volume growth of ~3.5% YoY (in line), pricing growth of 1-2% and better mix. Premium cigarette segment continued to outperform. EBIT growth was 5% YoY (in line). * FMCG segment delivered 5%...
Buy ITC Ltd For Target Rs.575 By Motilal Oswal Financial Services Ltd
Buy ITC Ltd For Target Rs.575 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd Ltd
2024-11-05 12:00:44 pm
Gopal Snacks soars on launching new flavour in snack pellets range Gopal Snacks is currently trading at Rs. 461.00, up by 11.55 points or 2.57% from its previous closing of Rs. 449.45 on the BSE. The scrip opened at Rs. 450.05 and has touched a high and low of Rs. 463.20 and Rs. 446.15 respectively. So far 22086 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 485.00 on 18-Oct-2024 and a 52 week low of Rs. 300.95 on 04-Jun-2024. Last one week high and low of the scrip stood at R...
Gopal Snacks soars on launching new flavour in snack pellets range
Gopal Snacks soars on launching new flavour in snack pellets range
Source: Accord Fintech
2024-10-28 12:53:30 pm
Premium FMCG brands see growth surge in India, constitute 50 pc of e-commerce sales As private consumption surges especially in the rural parts of the country, premium brands in FMCG are consistently growing -- approximately twice as fast as their non-premium counterparts -- and 50 per cent of e-commerce sales stem from the premium and luxury segment, according to a new report.  Similar trends are observed in the tech and durables sector, driven by increasing income levels, urbanisation, smartphone penetration and a more aspirational consumer base, as per findings by...
Premium FMCG brands see growth surge in India, constitute 50 pc of e-commerce sales
Premium FMCG brands see growth surge in India, constitute 50 pc of e-commerce sales
Source: IANS
2024-10-26 02:56:00 pm
Adani Wilmar posts highest-ever half yearly net profit at Rs 624 crore Adani Wilmar Ltd on Thursday reported its highest-ever half-yearly net profit at Rs 624 crore for the first six months of the current fiscal (FY25).   In Q2 FY25, the Adani Group company clocked Rs 326 crore in standalone profit (PAT), up from Rs 324 crore in Q1 FY25. In the quarter, the company saw an 18 per cent surge in revenue at Rs 14,460 crore (year-on-year). Adani Wilmar MD and CEO Angshu Mallick said they have delivered another strong quarter, with double-digit growth in bo...
Adani Wilmar posts highest-ever half yearly net profit at Rs 624 crore
Adani Wilmar posts highest-ever half yearly net profit at Rs 624 crore
Source: IANS
2024-10-25 11:09:21 am
Nestle India`s net profit falls to Rs 899 cr in Q2, Manish Tiwary appointed new India MD Nestle India's net profit fell marginally to Rs 899 crore in the second quarter (Q2) this fiscal, from Rs 908 crore in the corresponding quarter of the previous year, according to the company’s quarterly financial results on Thursday.  The FMCG company reported revenue from operations at Rs 5,104 crore, compared to Rs 5,037 crore a year ago, a rise of 1.3 per cent. The company saw continued accelerated growth by almost 38 per cent in the quarter, primarily driven by quick...
Nestle India`s net profit falls to Rs 899 cr in Q2, Manish Tiwary appointed new India MD
Nestle India`s net profit falls to Rs 899 cr in Q2, Manish Tiwary appointed new India MD
Source: IANS
2024-10-17 01:52:54 pm
Mirae Asset Capital Markets` Top Basmati Picks : LT Foods and KRBL In the vibrant landscape of Indian cuisine, basmati rice is celebrated for its aroma and cultural significance. With India leading global basmati exports, demand is surging due to changing consumer preferences and the festive season, which drives rice consumption for traditional dishes. Mirae Asset Capital Markets (India) Pvt. Ltd. has launched its thematic report- FMCG, “Basmati Bliss,” highlighting key player’s LT Foods and KRBL, as families prepare to celebrate festivals ...
Mirae Asset Capital Markets` Top Basmati Picks : LT Foods and KRBL
Mirae Asset Capital Markets` Top Basmati Picks : LT Foods and KRBL
Source: PR Agency
2024-10-17 12:04:29 pm
Krystal Integrated Services rises on wining work order worth Rs 25 crore Krystal Integrated Services is currently trading at Rs. 761.30, up by 9.40 points or 1.25% from its previous closing of Rs. 751.90 on the BSE. The scrip opened at Rs. 760.00 and has touched a high and low of Rs. 766.15 and Rs. 758.00 respectively. So far 309 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1023.75 on 12-Apr-2024 and a 52 week low of Rs. 629.70 on 04-Jun-2024. Last one week high and low of the sc...
Krystal Integrated Services rises on wining work order worth Rs 25 crore
Krystal Integrated Services rises on wining work order worth Rs 25 crore
Source: Accord Fintech
2024-10-15 10:41:11 am
Change in RBI policy stance signals 25 bps rate cut soon, industry upbeat  The change in the RBI's stance to "neutral" from "withdrawal of accommodation" has given a signal about the interest rates reversing downwards in the next few quarters, leading industry chambers and experts said on Wednesday.   Describing the RBI monetary policy review as "realistic and pragmatic", Assocham said the change in stance signals an impending rate cut, even as the Monetary Policy Committee (MPC) kept the policy repo rates unchanged at...
Change in RBI policy stance signals 25 bps rate cut soon, industry upbeat
Change in RBI policy stance signals 25 bps rate cut soon, industry upbeat
Source: IANS
2024-10-09 05:00:57 pm
Innovation, resilience and growth hallmark of India`s FMCG sector: P&G India CEO Innovation, resilience and growth are truly the hallmark of the Indian fast-moving consumer good (FMCG) sector and the country is emerging as an evolved supply chain for the world, according to Kumar Venkatasubramanian, India CEO, Procter & Gamble.  Speaking at an FICCI event in the national capital, Venkatasubramanian, also the Chair of FICCI FMCG Committee, said that sector is a key simulator of our consumption-led economy. “It plays a pivotal role in driving double-dig...
Innovation, resilience and growth hallmark of India`s FMCG sector: P&G India CEO
Innovation, resilience and growth hallmark of India`s FMCG sector: P&G India CEO
Source: IANS
2024-10-08 02:58:43 pm
FMCG sector`s resilience key to shaping strong and sustainable economy: Minister  The growth in the fast-moving consumer goods (FMCG) sector -- buoyed by rural demand recovery, easing inflation and favourable monsoon conditions -- will be key to shaping a strong and sustainable economy towards Viksit Bharat, Food Processing Industries Minister Chirag Paswan said on Monday.  Addressing a FICCI event in the national capital, the Minister emphasised the need to ensure that the quality of products should never be compromised as it will not only impact the company...
FMCG sector`s resilience key to shaping strong and sustainable economy: Minister
FMCG sector`s resilience key to shaping strong and sustainable economy: Minister
Source: IANS
2024-10-07 05:12:32 pm
Domestic road logistics industry revenues likely to grow up to 9% in FY25: ICRA ICRA in its latest report has said that the domestic road logistics industry is expected to register a growth of up to 9 per cent in revenues in the ongoing 2024-25 financial year (FY25). The organised road logistics sector had witnessed a growth 4.6 per cent in the 2023-24 fiscal year. As per ICRA, the industry logged a revenue of Rs 23,273 crore in FY24. It stated ‘ICRA expects the revenues of the Indian road logistics industry to grow by a moderate 6-9 per cent year-on-year (y-o-y...
Domestic road logistics industry revenues likely to grow up to 9% in FY25: ICRA
Domestic road logistics industry revenues likely to grow up to 9% in FY25: ICRA
Source: Accord Fintech
2024-10-07 10:14:29 am
Women`s representation in India Inc remains stable Women’s representation in India Inc remains stable and the banking, financial services and insurance (BFSI) sector leads when it comes to ‘women in leadership’ roles, a report said on Wednesday.  In the BFSI segment, 24.5 per cent of corporate executives are women, followed by FMCG which has 21.5 per cent women at the leadership levels, according to the report by Avtar, a leading workplace culture consulting company. Global capability centres (GCCs) report the lowest...
Women`s representation in India Inc remains stable
Women`s representation in India Inc remains stable
Source: IANS
2024-09-26 08:30:13 am
Quote on Federal Reserve announcement lowered its benchmark interest rate by a half percentage point today by Dr. Ravi Singh, SVP- Retail Research, Religare Broking Ltd Below the Quote on Federal Reserve announcement lowered its benchmark interest rate by a half percentage point today by Dr. Ravi Singh, SVP- Retail Research, Religare Broking Ltd   The Federal Reserve's 50 basis points cut in interest rate is a positive factor for Indian equities as it increases global liquidity thus allowing more funds from abroad to flow into investor destinations like India. This increases confidence among investors and aids in the momentum of the stock mark...
Quote on Federal Reserve announcement lowered its benchmark interest rate by a half percentage point today by Dr. Ravi Singh, SVP- Retail Research, Religare Broking Ltd
Quote on Federal Reserve announcement lowered its benchmark interest rate by a half percentage point today by Dr. Ravi Singh, SVP- Retail Research, Religare Broking Ltd
Source: Religare Broking Ltd
2024-09-19 03:11:19 pm
Recent Bangladesh crisis won`t have significant impact on India Inc Recent developments in Bangladesh haven’t had a significant impact on India’s trade and going forward, the effect will vary based on industry and sector-specific nuances and exposure, a report showed on Tuesday.  A Crisil Ratings report said it does not foresee any near-term impact on the credit quality of India Inc too. However, a prolonged disruption can affect the revenue profiles and working capital cycles of some export-oriented industries for which, Bangladesh is ...
Recent Bangladesh crisis won`t have significant impact on India Inc
Recent Bangladesh crisis won`t have significant impact on India Inc
Source: IANS
2024-09-17 01:43:31 pm
Avenue Supermarts inches up on opening new store in Madhya Pradesh Avenue Supermarts is currently trading at Rs. 5216.35, up by 16.85 points or 0.32% from its previous closing of Rs. 5199.50 on the BSE. The scrip opened at Rs. 5201.10 and has touched a high and low of Rs. 5252.05 and Rs. 5199.85 respectively. So far 1289 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5446.65 on 11-Sep-2024 and a 52 week low of Rs. 3617.30 on 03-Oct-2023. Last one week high and low of the scri...
Avenue Supermarts inches up on opening new store in Madhya Pradesh
Avenue Supermarts inches up on opening new store in Madhya Pradesh
Source: Accord Fintech
2024-09-17 11:56:55 am
Credit profiles of flexible packaging players will continue to remain subdued this fiscal: Crisil Crisil ratings in its latest report has said that credit profiles of flexible packaging players will continue to remain subdued this fiscal on elevated debt levels, which had burgeoned, over the past three fiscals due to sizeable capacity expansions. However, steady domestic demand (accounting for around 75% of sectoral volumes) and negligible capacity additions will partially offset the demand-supply imbalance this fiscal. Consequently, capacity utilization levels shall improve by 400-450 ba...
Credit profiles of flexible packaging players will continue to remain subdued this fiscal: Crisil
Credit profiles of flexible packaging players will continue to remain subdued this fiscal: Crisil
Source: Accord Fintech
2024-09-17 11:39:11 am
Gopal Snacks gains on expanding distributor network Gopal Snacks is currently trading at Rs. 341.45, up by 2.80 points or 0.83% from its previous closing of Rs. 338.65 on the BSE. The scrip opened at Rs. 334.05 and has touched a high and low of Rs. 342.20 and Rs. 334.05 respectively. So far 3672 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 392.70 on 15-Mar-2024 and a 52 week low of Rs. 300.95 on 04-Jun-2024. Last one week high and low of the scrip stood at Rs....
Gopal Snacks gains on expanding distributor network
Gopal Snacks gains on expanding distributor network
Source: Accord Fintech
2024-09-17 10:33:45 am
Reliance Industries inches up as its arm enters into strategic partnership with Delta Galil Industries Reliance Industries is currently trading at Rs. 2931.45, up by 8.45 points or 0.29% from its previous closing of Rs. 2923.00 on the BSE. The scrip opened at Rs. 2928.95 and has touched a high and low of Rs. 2932.05 and Rs. 2923.00 respectively. So far 9124 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3217.90 on 08-Jul-2024 and a 52 week low of Rs. 2221.05 on 26-Oct-2023. Last one week high and low of the scr...
Reliance Industries inches up as its arm enters into strategic partnership with Delta Galil Industries
Reliance Industries inches up as its arm enters into strategic partnership with Delta Galil Industries
Source: Accord Fintech
2024-09-11 11:01:19 am
India remains fastest growing paper market in world: IPMA The Indian Paper Manufacturers Association (IPMA) in its latest report has said that India remains the fastest-growing paper market in the world with domestic consumption of packaging paper and paperboard growing at 8.2 per cent in 2023-24. It mentioned the domestic packaging paper & paperboard market stands at about 15 million tonnes which is nearly 65 per cent of the total paper, paperboard and newsprint market of 23 million tonnes in the country.  It said demand for better qual...
India remains fastest growing paper market in world: IPMA
India remains fastest growing paper market in world: IPMA
Source: Accord Fintech
2024-09-05 10:19:15 am
Hiring in AI-ML, Pharma, and FMCG sectors strong in August Hiring in several sectors like artificial intelligence-machine learning (AI-ML), pharma, and FMCG demonstrated resilience and growth in August, according to a report on Tuesday.   The report by job portal Naukri showed that AI-ML led the sectors in hiring with a robust 14 per cent year-on-year increase, followed by FMCG (+11 per cent), Pharma/Biotech (+9 per cent), Auto (+7 per cent), and Oil & Gas/Power (+5 per cent). While the job market performed steadily in the first ha...
Hiring in AI-ML, Pharma, and FMCG sectors strong in August
Hiring in AI-ML, Pharma, and FMCG sectors strong in August
Source: IANS
2024-09-04 09:23:30 am
Quote on FPI by Vaibhav Porwal, Co-founder, Dezerv Below the Quote on FPI by Vaibhav Porwal, Co-founder, Dezerv   "Valuations in the Indian equity market have risen to relatively high levels, leading FIIs to exercise caution when investing in India. They have been selectively investing in defensive market segments, focusing on sectors such as healthcare and FMCG. On the debt market front, the strong buying trend among FIIs can be traced back to India’s addition to JP Morgan’s Emerging Market government bond indi...
Quote on FPI by Vaibhav Porwal, Co-founder, Dezerv
Quote on FPI by Vaibhav Porwal, Co-founder, Dezerv
Source: Dezerv
2024-09-01 09:55:50 am
FPIs buying in Indian debt market as rupee remains stable this year Foreign portfolio investors (FPIs) have increased buying in the Indian debt market because the rupee has been stable this year and the stability is expected to continue, market watchers said on Saturday.  Bulk of the buying that FPIs are doing now are through the ‘primary market and others’ category. In the cash market, they have been consistent sellers because of the elevated valuations. In August, FPIs invested Rs 7,320 crore in equity compared to Rs 32,365 crore in J...
FPIs buying in Indian debt market as rupee remains stable this year
FPIs buying in Indian debt market as rupee remains stable this year
Source: IANS
2024-08-31 03:52:54 pm
Gillette India gains as its net profit rises 26% in June quarter Gillette India is currently trading at Rs. 9036.15, up by 69.55 points or 0.78% from its previous closing of Rs. 8966.60 on the BSE. The scrip opened at Rs. 9023.85 and has touched a high and low of Rs. 9151.65 and Rs. 8981.85 respectively. So far 418 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9222.45 on 27-Aug-2024 and a 52 week low of Rs. 5499.00 on 01-Sep-2023. Last one week high and low of the scrip st...
Gillette India gains as its net profit rises 26% in June quarter
Gillette India gains as its net profit rises 26% in June quarter
Source: Accord Fintech
2024-08-30 10:40:27 am
Rural electrification, healthcare boost consumption at district level in India As private consumption growth surges across sectors in India, especially in the rural economy, a report revealed on Tuesday that 60 per cent of households with annual income above Rs 5 lakh are in the top 20 per cent (150) districts in the country.  The findings showed that the rural electrification across the county grew significantly from 17 per cent to 30 per cent in the last four years, thus lifting the economy and enhancing the quality of life. Healthcare infrastructure witnes...
Rural electrification, healthcare boost consumption at district level in India
Rural electrification, healthcare boost consumption at district level in India
Source: IANS
2024-08-27 04:45:30 pm
Nifty crosses 25,000 mark again, just 50 points away from all-time high The National Stock Exchange (NSE) benchmark Nifty extended its gains after opening in the green and hit 25,000 in mid-session on Monday.   It is the eighth-consecutive session when the Nifty is trading with gains. At 1:10 P.M., Nifty was at 25,025, up 201 points or 0.81 per cent and the Sensex was up 671 points or 0.83 per cent at 81,757. The Nifty was just 50 points away from its lifetime high of 25,078. Indian equity indices are following US market gains after Federal Reser...
Nifty crosses 25,000 mark again, just 50 points away from all-time high
Nifty crosses 25,000 mark again, just 50 points away from all-time high
Source: IANS
2024-08-26 01:56:06 pm
For FIIs, India still stands at sweet spot for long-term investment horizon: Experts The trend of foreign institutional investors (FIIs) buying stocks through the primary market and others' category and selling through the exchange continued this week. Market experts said on Saturday that India still stands at a sweet spot compelling the foreign fraternity to take a bet for a long-term investment horizon.  According to the National Securities Depository Limited (NSDL) data, FIIs sold equity worth Rs 28,671 crore through the exchanges and bought equity for Rs 12,36...
For FIIs, India still stands at sweet spot for long-term investment horizon: Experts
For FIIs, India still stands at sweet spot for long-term investment horizon: Experts
Source: IANS
2024-08-24 02:13:47 pm
Dabur India jumps on signing MoU with Government of Tamil Nadu Dabur India is currently trading at Rs. 643.80, up by 9.30 points or 1.47% from its previous closing of Rs. 634.50 on the BSE. The scrip opened at Rs. 638.45 and has touched a high and low of Rs. 647.50 and Rs. 632.05 respectively. So far 130532 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 662.45 on 23-Jul-2024 and a 52 week low of Rs. 489.00 on 16-Apr-2024. Last one week high and low of the scrip stood at Rs...
Dabur India jumps on signing MoU with Government of Tamil Nadu
Dabur India jumps on signing MoU with Government of Tamil Nadu
Source: Accord Fintech
2024-08-22 02:56:28 pm
Sensex trades higher on positive global cues Indian equity indices opened in the green on Thursday following positive cues from US markets.  At 9.44 a.m., Sensex was up 194 points or 0.24 per cent at 81,099 and Nifty was up 60 points or 0.24 per cent at 24,830. The market trend remains positive. On the National Stock Exchange (NSE), 1,730 shares were in green and 423 shares in the red. In early trade, Buying was being seen in IT and FMCG stocks. The Nifty IT index was up by 0.42 per cent and the Nifty FMCG index was up by ...
Sensex trades higher on positive global cues
Sensex trades higher on positive global cues
Source: IANS
2024-08-22 10:22:10 am
India leads in Asia-Pacific with double-digit growth in consumer goods sales India is the only market consistently delivering double-digit growth in the Asia-Pacific region in the FMCG, tech and consumer durables segments, according to a report by consumer research firm NielsenIQ (NIQ) released on Wednesday.   The report, titled ‘Full View of Modern Trade Retail Trends’, also states that despite inflationary pressures, modern trade has shown resilience, with double-digit volume growth continuing regardless of price fluctuations. Interestingly, t...
India leads in Asia-Pacific with double-digit growth in consumer goods sales
India leads in Asia-Pacific with double-digit growth in consumer goods sales
Source: IANS
2024-08-22 09:55:24 am
Private corporate investment to surge 54 pc to Rs 2.45 lakh crore in 2024-25 India’s private corporate investment is estimated to surge by 54 per cent to ?2,45,212 crore in 2024-25 from ?1,59,221 crore in 2023-24 based on “the phasing profile of the pipeline projects’ finances,” according to an RBI study.  Phasing plans also indicate that aggregate capital expenditure (capex) intended by the private corporate sector in 2023-24 increased significantly by about 57 per cent over the preceding year, the study states. The investment inten...
Private corporate investment to surge 54 pc to Rs 2.45 lakh crore in 2024-25
Private corporate investment to surge 54 pc to Rs 2.45 lakh crore in 2024-25
Source: IANS
2024-08-21 12:07:43 pm
Ideal Technoplast Industries coming with IPO to raise Rs 16.03 crore Ideal Technoplast Industries Ideal Technoplast Industries is coming out with an initial public offering (IPO) of 13,25,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 121 per equity share.  The issue will open for subscription on August 21, 2024 and will close on August 23, 2024. The shares will be listed on NSE Emerge Platform. The share is priced at 12.10 times higher to its face value of Rs 10. Book running lead manager to the issue is Swast...
Ideal Technoplast Industries coming with IPO to raise Rs 16.03 crore
Ideal Technoplast Industries coming with IPO to raise Rs 16.03 crore
Source: Accord Fintech
2024-08-20 03:25:04 pm
Private sector investment to spur growth as demand surges in Indian economy: RBI In India, aggregate demand conditions are gathering momentum with a revival in rural consumption on the back of growing incomes and this stimulus to demand is expected to reinvigorate the hitherto subdued participation of the private sector in total investment, which will spur growth, according to the RBI’s monthly bulletin released on Friday.  The positive outlook for India comes at a time when "persistent geopolitical tensions, rekindled fears of a potential recession in ...
Private sector investment to spur growth as demand surges in Indian economy: RBI
Private sector investment to spur growth as demand surges in Indian economy: RBI
Source: IANS
2024-08-20 09:59:56 am
IMF’s Gita Gopinath goes bullish on India’s economic growth After Prime Minister Narendra Modi, during his Independence Day address to the nation, said the country is on its way to become the third-largest economy with big reforms across sectors, Dr Gita Gopinath, Deputy Managing Director of the International Monetary Fund (IMF), has stated that the country is likely to achieve this feat by 2027.  The country has become the fifth-largest economy in the world, and is set to be among the top three global economic powers soon. According to Gop...
IMF’s Gita Gopinath goes bullish on India’s economic growth
IMF’s Gita Gopinath goes bullish on India’s economic growth
Source: IANS
2024-08-17 10:27:30 am