Devang Mehta, Vice President & Head - Equity Sales, Anand Rathi Financial Services joins CNBC-TV18 to opine on the market movers and give his insight on the stocks
Ozone Ayurvedics, FMCG arm of Ozone group of companies, is looking to double turnover from its flagship skincare brand, Nomarks, to Rs 130 crore in 2011-12, the group's managing director SC Sehgal said, reports The Economic Times.
Raamdeo Agrawal, Director & Co Founder, Motilal Oswal Financial Services is of the view that one can avoid FMCG and pharma stocks.
Buy ITC on every dip, says Anil Manghnani of Modern Shares & Stock Brokers.
Hiren Ved, Director & CIO, Alchemy Capital Management remains overweight on FMCG sector.
With disappointment written all over the US macro figures and the negative cues coming from both US as well as Asian markets, AK Prabhakar of Anand Rathi tells CNBC-TV18 that FMCG is the champion sector that saved a big cut on Nifty.
Hold FMCG stocks, says IV Subramanium, Director of Quantum AMC.
Buy ITC on dips, says Anil Manghnani of Modern Shares & Stock Brokers.
Emami shares Friday rose 2.5% to Rs 438.75 on NSE as investors gave thumbs up to strong results reported by the fast moving consumer goods company.
Anil Manghnani of Modern Shares and Stock Brokers, in an interview with CNBC-TV18's Sonia Shenoy and Mitali Mukherjee, said that he feels the 5,350 level is a very important level and would hold to that level in spite of any dip or fall.
CNBC-TV18's managing editor Udayan Mukherjee says even though the US was up overnight, Asian markets are okay. "We have been very listless and dragging over the last three sessions. Hopefully, we will find our feet again after a string of losing sessions and try and inch up somewhat."
Hindustan Unilever can head to Rs 320-325, says Jatinder Sharma, Partner, Equity Strategists.
FMCG a defensive sector, says S Naren, CIO Equity, ICICI Prudential.
Anu Jain from IIFL Private Wealth Management, in an interview with CNBC-TV18's Mitali Mukherjee and Udayan Mukherjee, spoke about her reading of the market and her outlook on few stock going forward.
Henkel India’s first quarter consolidated (January-March) net loss widened 34% year-on-year to Rs 18.33 crore due to a decline in sales.
Nandan Chakraborty, the managing director —institutional equity research at ENAM says that the call on markets depends on the time horizon one wants to invest for. “Some stocks are for the near-term while some sectors for the near-term, you may have to revise your stance completely in three months time,” says Chakraborty.
Hindustan Unilever’s board has approved plans to demerge the company's FMCG (fast moving consumer goods) export business, which includes export oriented production units, into a separate subsidiary Unilever India Exports.
Reacting on the numbers, Himani Singh, FMCG Analyst at Elara Capital, in an interview with CNBC-TV18's Gautam Broker and Reema Tendulkar, said that company’s domestic consumer business has grown by 13.8% and the most positive trigger for the company is that its volume has been growing continuously.
Hindustan Unilever reported a lower-than-expected net profit of Rs 569 crore for the fourth quarter (January-March), down 2% year-on-year due to surge in cost of raw materials and higher exceptional gains in the year-ago quarter.
Indian equities benchmark recovered smartly from day's low and now trading flat. Buying was seen in FMCG and metal stocks while auto stocks trading lower.
The FMCG sector which accounts for maximum advertising in India seems to have embarked on drastic cuts in advertising and promotional spends.
Abhijeet Kundu, Sr Analyst from Antique Stock Broking, in an interview with CNBC-TV18's Mitali Mukherjee and Udayan Mukherjee, gave his perspective on lower-than-expected Titan’s earnings’ result and frontline fast moving consumer goods (FMCG) stocks.
Fast moving consumer goods firm Marico expects a 6-8% volume growth in its core coconut oil business over the “medium term”, the company said in a press release while detailing its fourth-quarter results on Monday. However, Marico cautioned that operating margins would continue to remain under pressure due to rising input costs.
Bajaj Corp’s net profit for the fourth quarter (January-March) declined 2% year-on-year to Rs 26.88 crore due to a surge in cost of raw materials. The personal care products maker’s net sales in the three-month period rose 27.6% from a year ago to Rs 109.84 crore.
Udayan Mukherjee, managing editor of CNBC-TV18, said that the IPO of Future Ventures, a subsidiary of the Future Group hasn't seen too much excitement from most participants yet.