On the technical front, 9,020-9,050 is strong support zone for the Nifty and current trend is likely to continue towards 9,400. Here are top five stocks, which can give up to 7-17 percent in the short term based on technical parameters.
If the deal looks favourable, Tata Coffee will be merged into Tata Global Beverages, sources told CNBC-TV18.
In an interview with Moneycontrol, Dabur India CEO Sunil Duggal welcomes Patanjali's growing prominence in the Ayurveda segment, saying it will help open up the market.
According to a report in the Livemint, Patanjali is planning to set up a production unit in Sahibganj, a small district in Jharkhand from where it plans to set up an export hub for neighboring countries.
"With the help of the mobile honey testing lab, bee- keepers can now test the purity of their honey and avoid adulteration," the company said in a statement.
"One of the drivers of growth for the industry in the next 5 to 10 years is innovation. We, as a sector, haven't innovated enough. The biggest innovation has come from people outside the traditional FMCG marketers," said Marico Managing Director and Chief Executive Officer Saugata Gupta.
"India is at the cusp of the FMCG S-curve and there is significant room to grow over the next 5-10 years. A nominal GDP growth rate of roughly 12 percent over the next three years could signal an FMCG growth by over 15 percent, depending on player action," the CII-Bain & Company said.
Some companies are facing a developed world problemâ€”cash far in excess of their needs. How should investors interpret this?
FMCG biggies such as Amul, Dabur, Britannia and Parle plan to increase prices of their products or slash the quantities of packaged goods this summer. As a result biscuits, ice-creams and soap, among other daily consumption products will get expensive.
"This is inform you that the company has signed a non-binding Memorandum of Understanding (MOU) with Chipita, a Greek company for exploring certain business opportunities.
FMCG major Nestle today said it has taken Rs 100 crore hit on sales due to demonetisation and the sector will take another six months to overcome the impact of the government's move to scarp old high value notes.
TCS shares gained 1.4 percent as the company will consider share buyback on February 20. Infosys rose 2.7 percent as hopes increased that the company would follow suit.
The report by Retailers Association of India and Boston Consulting Group revealed that on decoding the digital opportunity sectors that could see maximum e-commerce penetration would be consumer electronics, apparel, homeware and furniture, luxury, health, FMCG and food and grocery.
The company is looking to hit Rs 1,000 crore in its 'snacks' business by 2020. It is going to rebrand its namkeen products, renaming them 'chatkeens.'
Spice Island, which will be retailed exclusively at NewU outlets, will have a range of premium skin care, bath and body care, and hair care products.
"The recovery has been better than we expected and we ended Q3 with about 2 percent secondary sales growth. The business has picked up at a faster pace than we had anticipated and we are quite hopeful that things will return to normal in the next couple of months," Gambhir said.
Syska, which is targeting the youths, has roped in Sunny Leone and Tamannaah Bhatia and Sushant Singh Rajput as its brand ambassador for its male and female Category, the company said in a statement.
FMCG major Marico's third quarter consolidated profit is seen declining 2.2 percent year-on-year to Rs 193.5 crore and revenue may fall 5.4 percent to Rs 1,472 crore as domestic volume is expected to decline 5-6 percent.
Godrej Consumer Products Ltd (GCPL) Managing Director Vivek Gambhir said that reduction in tax slab would leave more money with the consumer to spend and would increase the demand.
Analysts expect tax policy for cigarettes to be benign, with an anticipation of an increase in excise duty on cigarettes by 10 percent across slabs and also the likely introduction of 59-mm segment in the current slab structure.
Diversified conglomerate ITC will foray into the healthcare sector as it gears up to meet its ambition to be India's most valuable corporations.
ITC's December quarter has beaten estimates with net profit rising 5.7 percent to Rs 2650 crore from Rs 2504 crore in corresponding quarter last fiscal. During the quarter, its total income also grew marginally by 5 percent to Rs 13570 crore compared to Rs 12962 crore on annual basis.
Kolkata-based Emami too is expecting a growth oriented budget "to boost consumption, increase public investment, promote digitisation, broaden tax base and lead higher growth" and improvement of business sentiments.
Analysts polled by CNBC-TV18 expect 2-3 percent decline in cigarette volumes. They say demonetisation impact may be limited on cigarette Volumes due to inelastic demand. The company raised prices on 30 percent of cigarette portfolio by 14-15 percent in second half of December.