Selective FMCG stocks may rise up to 11 per cent, even if broader market loses more ground
Given the uncertainty on how the market trajectory may play out ahead, analysts believe investors can rotate allocation from high beta stocks to defensive plays albeit selectively
A new all-time high on Nifty FMCG index may trigger up to 25 per cent upside in selective stocks
In FY22 and FY23, the company increased prices in order to pass on rising raw material costs to the consumer
The management said that the go-to-market strategy and investments in brands & innovation helped the company register a robust topline growth of 16 per cent YoY
Stocks to watch today: The Board of Adani Enterprises (AEL) has announced that it will not go-ahead with the fully subscribed Follow-on Public Offer (FPO)
It sells 49 per cent stake in Britannia Dairy for Rs 262 crore
FMCG major has been gaining market share for 38 consecutive quarters now, stands at 15-yr high
In Q2FY23, Britannia's consolidated sales grew 22 per cent YoY and 19 per cent QoQ at Rs 4,338 crore, aided by a mid-single digit volume growth.