Consumer non-durables have been declining for the seventh consecutive month. The contraction has declined to 2.2 percent for the month in question. Food inflaiton quickened to 7.79 percent last month.
V Balasubramanian, who manages funds worth Rs 312.96 crore (as on March 31, 2013) prefers investing in both value and growth stocks, but his preference is tilted towards growth stocks.
All six indices, including volume of sales, selling prices, new orders, inventory, employees and profits, have declined and three of the six indices are at a four quarter low and the fourth index is at a 14 months low. So it is bad news all around unfortunately
HDFC Mutual Fund has decreased its weightage in banking & financial services, metals & mining and media & entertainment. However, it increased its investments in information technology, chemicals and consumer non-durables.
DSP BlackRock Mutual Fund has increased its weightage in pharmaceuticals, metals & mining and consumer non-durables space. However, it decreased its investments in cement & construction, oil & gas and chemicals.
Tata Mutual Fund decreased its weightage in banking & financial services, consumer non-durables and telecommunication, while enhanced its exposure in oil & gas, manufacturing and metals & mining.
ICRA has come out with its report on Index of Industrial Production (IIP) for September 2011. As per the research firm IIP growth slows to 1.9% led by contraction in capital goods and consumer non-durables.