TMS Ep445: GDP data, JioMart consolidation, new age stocks, WTO

A positive consumer sentiment is indeed a good news for players in the FMCG sector -- where margin is thin, and competition stiff. And a player with deep pockets is continuously heating up the competition. Reliance Retail is now consolidating its business-to-business vertical. A few months after starting a price war in the grocery B2B space with large discounts, JioMart is now trying to improve margins. It fired over 1,000 workers in May and has plans to lay off many more soon. So what does the company plan to achieve? And, how will it shape its future? 
Now that we’ve looked at what’s happening at the country’s largest conglomerate, let’s see how the new age companies are performing. Their operational performance remained positive in the March quarter. The stocks, too, have shown recovery from their lows. So should investors add these to their portfolios?