In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, Prakash Diwan of Altamount Capital Management shared his reading and outlook on the fundamentals of the market and also gave recommendations on various stocks.
In an interview to CNBC-TV18, Kunj Bansal, ED & CIO of Centrum Wealth Management shared his readings and outlook on specific stocks and sectors.
Fast moving consumer goods (FMCG) company ITC is likely to shuffle up its top management over next 15 days, sources have told CNBC-TV18.
Benchmark indices gained for third consecutive session amid volatility, with the Nifty hovering around 8400 level. Technology, infra and private banks continued to support the market whereas pharma, FMCG and metals stocks were under pressure.
In this special series of Charts 2017, Mitesh Thacker of miteshthacker.com shared a few of his top picks, sectoral charts for the year and his outlook on the Nifty.
Under the pact, the New Jersey-based firm will build a platform for FCL to simplify, automate and secure business processes, speed up collaboration and maximise synergies across all lines of business, the companies said in a joint statement.
The current uncertainty in the fast moving consumer goods (FMCG) space has not much to do with the cash crunch, Edelweiss says in a report. While some pain is due to demonetisation, it will also add positively to the sector.
Patanjali Ayurved, the FMCG venture promoted by yoga guru Ramdev, was the biggest disruptive force in India's fast moving consumer goods (FMCG) market, according to a report.
So Moneycontrol has put together a list of 13 â€˜known unknowns‘ as Donald Rumsfeld, the then US Secretary of State for Defence said in 2002. These are risks the market knows about, but cannot say how they will pay out.
In an interview to CNBC-TV18's Sonia Shenoy & Reema Tendulkar, Varun Lohchab, MD & Head of Research at Religare Capital Markets, Abneesh Roy, Associate Director at Edelweiss Securities and Amnish Aggarwal, Senior VP-Research at Prabhudas Lilladher did review FMCG space for 2016 and how 2017 will pan out for the sector.
â€œGiven that this decline is an outcome of how consumers have reacted, we wanted to tell their side of the demonetisation story, and understand how their sentiments might impact future trends,â€ Prasun Basu, President, South Asia, Nielsen said.
The Indian FMCG sector seems to be in a world of pain with no painkillers within reach, especially because the pressure brought on by the government's demonetisation drive does not look like it will ease up any time soon, says the latest report from global research firm Nielson.
BSE‘s fast-moving consumer goods (FMCG) and consumer durables indices, on Wednesday stood 9.8 per cent and 18.4 per cent lower, compared to their pre-demonetisation levels. The two indices have together lost Rs 1.2 lakh crore or 10.6 per cent of their market capital, the newspaper says.
On demonetisation Vivek Gambhir, MD, Godrej Consumer Products Limited, had said that the India business is impacted by liquidity crunch more than demand crunch. Now, he is of the opinion that there will be pickup in demand in December and the company will grow in double digits.
The hopes of FMCG companies on the back of a good monsoon and the Seventh Pay Panel award came partially unstuck after the government's sudden move to pull back currency notes upset the applecart towards the end of 2016.
Having set a target of Rs 1 lakh crore revenue from its FMCG business by 2030, diversified ITC is looking to create "world-class Indian brands" by leveraging on its enterprise strengths.
Hindustan Foods said, "This marks the entry of Hindustan Foods Ltd in the leather shoes exports space with a global clientele".
Equity benchmarks continued to consolidate after pricing in Federal Reserve event. FMCG, private banks, healthcare and telecom stocks were under pressure while technology stocks continued to support the market.
Speaking to CNBC-TV18‘s, Sanjiv Puri, COO of ITC said that the company is looking to diversify into fruits, vegetables and seafood business soon. ITC has launched 25 products this year and may launch another few in last month.
Equity benchmarks extended losses in morning trade with the Nifty breaking 8200 level, weighed by auto, private banks, FMCG and technology stocks. However, the buying in Reliance Industries, HDFC and L&T limited downside.
The FMCG industry, which was looking forward to good sales following a robust monsoon this year, has been impacted by demonetisation, according to Godrej Consumer Products.
The NSE 50-share index remained marginally higher, up 14 points to end at a new 1-month record high of 8261.75 amid consolidation in mainly PSU banks, media, realty, IT and FMCG sectors on the back higher global cues.
FMCG firm Jyothy Laboratories today said its board has approved raising Rs 400 crore through issuance of Non-Convertible Debentures (NCDs) on private placement basis.
Rajeev Thakkar, Chief Investment Officer, PPFAS Mutual Fund, says FMCG sector offers staples which are essentials in consumers' lives and thus the segment will lead the recovery in demonetisation-hit economy.
Equity benchmarks continued to gain amid consolidation, especially ahead of outcome of monetary policy committee that will be announced on Wednesday.