The fast moving consumer goods (FMCG) industry is gearing up for July 1st. In an interview to CNBC-TV18, Saugata Gupta, MD & CEO of Marico spoke about the goods and services tax (GST) rollout.
After the launch of GST, the next big trigger which will be tracked by market participants will be June quarter results from India Inc. which most experts think could be muted especially for FMCG and auto stocks amid implementation of GST.
FMCG major Marico's founder Harsh Mariwala has termed Patanjali “the most overhyped brand in India", expressing skepticism about its success in future.
Kunal Saraogi of Equityrush is of the view that one may buy Motherson Sumi Systems with a target of Rs 490.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Marico and Eicher Motors.
The Met department has predicted the onset of the monsoon in Kerala on May 30, but the seasonal rainfall may arrive a day earlier.
According to Ashwani Gujral of ashwanigujral.com, one can sell Lupin, Equitas Holdings and Tata Chemicals and buy Marico and Larsen & Toubro.
Ruchit Jain of Angel Broking is of the view that one may buy Ajanta Pharma with a target of Rs 1745.
The GST will be positive for Colgate and Dabur and will have neutral to negative for cigarette manufacturers
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Marico and can sell Tech Mahindra and Crompton Greaves.
According to Satish Gupta of astrostocktips, personal care stocks like Colgate Palmolive, HUL, Godrej Industries, Marico and Godrej Consumer will get astrological support.
Sandeep Wagle of powermywealth.com recommends buying Marico and ITC and is bullish on Tata Steel and Bank of Baroda while he advises selling UPL.
VK Sharma, Head of Business-Private Client Group at HDFC Securities is of the view that one may buy Colgate Palmolive 980 Call.
Mitessh Thakkar of mitesshthakkar.com advises buying Marico and GMDC.
According to Sandeep Wagle of powermywealth.com, one may buy ITC and Marico.
In an interview to CNBC-TV18, Harsh Mariwala, CMD of Kaya & Marico Group spoke about the latest happenings on the goods and services tax (GST) front.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Marico while Cadila Healthcare can head towards Rs 520.
Nifty has support at 9330 and resistance at 9414-9633 while Bank Nifty has support at 22750 and resistance at 23000, says Prakash Gaba of prakashgaba.com.
Prakash Gaba of prakashgaba.com is of the view that HT Media and Marico look good while one can short Dish TV.
ICICI Direct recommended hold rating on Marico with a target price of Rs 341 in its research report dated May 04, 2017.
Edelweiss is bullish on Marico has recommended buy rating on the stock with a target price of Rs 337 in its research report dated May 03, 2017.
Citigroup maintains a buy recommendation on Marico with a target price of Rs 310. Marico had a decent quarter which is also reflected in the stock price.
TCS | Wipro | RBL Bank | IRB Infrastructure | Sun Pharma Advanced Research | Oil India | TVS Motor | Tata Communications | Nestle India | Reliance Infrastructure | MT Educare | United Breweries | JM Financial | Shriram City Union Finance | Inox Leisure and Marico are stocks, which are in the news today.
The company had reported a net profit of Rs 136.18 crore in the January-March quarter a year-ago, Marico said in a BSE filing.