FMCG FUNDS
Food watchdog wants quick commerce companies to speed with caution
FSSAI officials have ramped up surprise audits at dark stores and D2C brands.
Expect a rally in PSU bank stocks in next few days: Vinit Bolinjkar
While IT remains a trading pick, I am cautious due to potential downside risks in the US market affecting IT jobs. Pharma and FMCG are top picks due to the expected resurgence in consumption, likely to drive strong performances over the next quarters.
Reliance Retail's FMCG plans stay in fast lane with funds on tap
RCPL has raised a total of ₹1,053 crore as debt capital from the parent company over 14 months, according to the filings. RCPL began operations in November 2022 and completed its first full year in FY24. In the filings, RCPL said the proceeds will be used for business operations. A senior industry executive, aware of the plans, said the funding from the parent into RCPL will continue in this fiscal as well, since Reliance has plans to rapidly grow the FMCG business.
FIIs have sold Rs 1 lakh crore worth of stocks from these 5 sectors in H1 of CY24
Foreign investors show interest in India post-US roadshow, anticipating Modi 3.0 policies clarity. Positive outlook on GDP growth and potential US Fed rate cut impact driving FII optimism for the future market trends.
This fund manager thinks it is the right time to bet on consumption theme. Here’s why
The common theme is these are all branded goods and services that consumers are either consuming today or want to consume. So, in a way, this is a heterogeneous thematic, which allows for that opportunity for picking and managing between different sub-segments, as well as diversification, says Nippon India MF's Amar Kalkundrikar.
Which are the best asset classes to own over 1-year, 3-year & 5 years? Nilesh Shah answers
Nilesh Shah says up to one year, he will recommend an arbitrage fund for a high taxpayer or debt funds, money market funds and short-term bond funds where one could have the limited benefit of a drop in interest rates. Between one to three years, one can go towards longer duration bond funds. Post-budget, one can also look at investment in precious metal.
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GRM Overseas board okays fundraise of Rs 136.5 crore
The funds raised will also expand India's “10X” brand, making it a comprehensive food FMCG product company. The funds will also be allocated to explore future inorganic growth opportunities, including strategic mergers and acquisitions, and improve operational capabilities. These activities may be undertaken directly by the Company or through its subsidiaries or joint ventures.
Mom & pop stores vs new kids: India's ubiquitous kirana stores have a new rival
Tech-enabled players running self-service outlets like Frendy, SuperK, and Kirana King are challenging traditional kirana stores post-Covid. These modern trade stores have digital apps for orders and sourcing, contributing 4% to FMCG sales and up to 10% in premium categories.
Green shoots seen in rural demand: Wipro Consumer CEO
Vineet Agrawal, CEO of Wipro Consumer Care and Lighting, noted positive signs of growth in rural demand and anticipates a recovery in the hinterland by September, supported by favorable monsoon conditions and a successful harvest. Furthermore, he suggests that stable government policies could potentially boost sales of discretionary products through continuity and consistency.
Markets should double in next four-five years: Milind Karmarkar
Maybe we will look at it at that point in time, but right now we miss getting into it early, but as of now we do not want to buy it.
No single theme to drive market; volatility to continue: Milind Karmarkar
So, my belief is that whenever a coalition is at the centre, then you see a decent growth. The clear focus is economics. The clear focus is to do better for the masses and that is what drives the markets, that is what drives the economy as well.
A confident NDA can propel Nifty towards 26,300: Rupak De of LKP Securities
In the midst of a tumultuous political scenario, the market may find reason to correct back to recent lows or even lower in the medium to long term. Conversely, a confident NDA could propel the Nifty towards 26300 and beyond in the medium to long term.
Should investors buy select IT and FMCG stocks? Anand Tandon answers
The crop output is likely to be better and perhaps with some support from the government we are likely to get better realisations as well. So, as a combination, I expect to see a significant increase in rural demand coming through and therefore, you are looking for direct farm plays as well as indirect ways of looking at where rural consumption can actually increase demand.
Are fears and panic around PSUs overblown? Sandip Sabharwal answers
Ideally, they should not be able to because like you rightly said, it is more commoditised. In fact, you look at the reason why did HDFC merge into HDFC Bank, because they realised that the margins are going to get squeezed and if they do not have a low-cost deposit franchise which supports the margin squeeze, that will become tougher.So, many of these housing finance companies sustain higher margins to develop financing, loan against property, etc, which are higher margin, but then also carry higher risk.
FPIs dump auto, FMCG and power stocks in second half of May
In late May, foreign investors drove a surge in automobile sector sales, offloading shares worth ₹3,323 crore, while also divesting ₹13,350 crore across multiple sectors. The NSDL data highlights a stark shift from earlier in the month, with inflows of ₹1,119 crore in April and ₹29,389 crore in CY 2023, underscoring a dynamic market landscape.
Will be worried only if Nifty goes below 21,000: Atul Suri
Even on Friday, if you look at it, the market was pretty okay, pretty sideways. In fact, it had three to four days of correction. It is on Monday that exit poll data really led to a massive amount of short covering and a lot of people got in expecting a run out or a blowout rally and it is on the back of that that you really have this kind of price action. I think at the end of the day, the government continues.
Investors should start looking at value stocks with long-term perspective: Porinju Veliyath
We all were knowing, discussing in the last many-many months, we can just feel now it has come, whatever is the reason, so that correction is happening and I think it will be a healthy correction.
Use this adversity to buy high quality companies at discounts: Nilesh Shah
Well, what looks to essentially be the go-to market strategy, if I may use those words, would essentially to look at the defensives. Sectors which have had an extended period of underperformance, which is FMCG, rural plays, IT, pharma, these will emerge to be the risk off trades or will emerge to be the defensive plays and it is quite possible that you will see some kind of recalibration, tweaking of allocations, sectoral allocations and it is quite possible that you will see some money move from the favoured lot to basically this lot.
Stay invested irrespective of election outcome: Ravi Dharamshi
I do not think budget is likely to be a big event. I think there are a lot of fears about capital gains tax. So, from that perspective I think the agenda of the government is pretty well known. With a three years’ perspective I do not think there is going to be any major change in the budget.
Rural consumption and exports should do well in next 5 years: Ravi Dharamshi
Honestly if you want to make money from a five years perspective, go where nobody is looking and consumption which includes discretionary as well as non-discretionary consumption and rural consumption and exports are two areas which I think should continue to do well.
New-age consumer brands trend on deal street
Uppercase–a luggage brand started by former VIP Industries MD Sudip Ghose–is in talks with Flipkart-backer Accel to raise new capital, sources told us. This would be the 3rd major deal in the space after Peak XV Partners’ Mokobara investment and Lighthouse’s bet on Safari.
India has a great story going for it; market levels very sustainable: Prateek Agrawal
We believe over the next month or so as that market tapers off, that bit of selling and the confusion that you see there would also subside.
Is it right time to take some chips off the table on Zomato? Sandip Sabharwal answers
So, at that time I thought it was a time to get cautious. So, the stock has just fallen from 190 to 180 after that and any increase in competition in a segment where as it is the existing players are making losses will be a negative development.
Auto sector to remain an outperformer for next 2 years: Harsha Upadhyaya
However, if you look at the next four trading sessions, they are quite eventful. Tomorrow is expiry. Day after tomorrow is a deadline for MSCI rebalancing. We have exit poll results coming in before the market starts on Monday and then we have the election outcome coming the next day.
A heavy monsoon season is great news for these Indian stocks
Stocks of Indian firms reliant on rural demand are rising with optimistic monsoon forecasts. Motorcycle, farm-equipment, and FMCG companies are seeing improved sales in rural areas. Nifty FMCG Index is up, Hindustan Unilever and Dabur India expect demand growth.
Metal, PSU & pharma to lead market; FMCG showing signs of bottoming out: Sandeep Tandon
Sandeep Tandon identifies metal, pharma, PSU as emerging market leaders. Recommends buying dips for growth potential. Holds significant positions in Jio, Reliance, and Adani Power. Tandon says: "India tended to suffer a bit from a very near term or short term perspective, but from a long-term perspective, I think India is a structural bull run story for them also."
Earnings season sparking volatility; 3 sectors to watch for turnaround: Shreyash Devalkar
Shreyash Devalkar of Axis Mutual Fund discusses the market volatility and potential growth areas like FMCG, private banks, and IT. He emphasizes the importance of monitoring valuations and anticipating a market turnaround for these sectors. He says that most of the volatility at the stock level is based on the result season.
ETMarkets Fund Manager Talk: Private banks, FMCG may lag behind in FY25 earnings, says Karthick Jonagadla
Karthick Jonagadla foresees challenges for private banks and FMCG sectors. FY25 market returns may moderate with high performers in specific sectors. Earnings growth alignment for midcap and smallcap stocks, capital inflows shift, and sector opportunities in lower interest rates are key considerations. Jinagadka also says: "PSUs, defence manufacturing, and rural consumption themes not only highlight the diverse avenues available for investors but also reflects the multifaceted nature of India’s growth trajectory."
No green shoot of recovery in FMCG space; valuation a challenge in capital goods and manufacturing space: Rahul Singh
Rahul Singh from Tata Mutual Fund evaluates the impact of US rate cuts, India rate cut consensus, inflation rate matrix, real estate demand, monsoon correlation, rural economy recovery, and valuation challenges in manufacturing sector. Singh says: "You have to be more patient and you have to hunt for those companies or stocks where the valuations are still reasonable."
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