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| 13 July, 2024, 04:12 AM IST | Today's ePaper
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    SAM CURRY

    FMCG sector: Street might treat it as saviors in some phases & there is more to it than HUL, 13 stocks, with upside potential of up to 42 %

    On the day of the election result and the day after that, two days in succession, everyone was talking about FMCG stocks. Explanations about why they are safe heaven stocks, how the focus on rural income and consumption will benefit them. Third day, the broader market recovered and FMCG was probably the only loser. This is not the first time that it has happened. For ages, FMCG stocks have been considered defensive stocks. Whether FMCG stocks should be defensive is a different issue. What is relevant is that there is a probability that going forward, there will be phases, where a narrative about FMCG stocks being defensive will keep coming to the street. Given the fact that their valuations are expensive, there is hardly any growth in business, it would be worthwhile to understand that sector otherwise one might end up buying stocks and make the capital underperform. We look at 28 stocks from every segment, right from food and beverage to cosmetics.

    Fallen crypto mogul Sam Bankman-Fried sentenced to 25 years in prison

    "There is absolutely no doubt that Mr. Bankman-Fried's name right now is pretty much mud around the world," Kaplan said of the 32-year-old California man who seemed atop the cryptocurrency universe before his businesses collapsed in November 2022, leaving customers, investors and lenders short over $11 billion, which the judge ordered him to forfeit.

    2024 Six Nations: Steve Borthwick's England facing hard selection decisions

    England's Six Nations campaign is going to begin in the Eternal City on Saturday with head coach, Steve Borthwick facing some hard selection decisions before the team's opening game. The Borthwick flankers will be getting a new look from the World Cup semi-final defeat in South Africa.

    Amazon Sale: Up to 80% OFF on Kitchen Essentials for Dhanteras and Diwali

    Are you eagerly awaiting a fantastic sale to purchase your kitchen essentials this Dhanteras and Diwali? If so, your wait is over, as Amazon's annual festive sale is here to offer you discounts of up to 80% on kitchen essentials. With Amazon Sale, you can acquire your kitchen essentials at a highly affordable price. Take a look at this article and secure your products at the most competitive prices in the market.

    Sam Bankman-Fried convicted of fraud in stunning FTX crash

    Bankman-Fried was found guilty of seven counts of fraud and conspiracy after jurors in Manhattan deliberated for less than five hours Thursday. He faces as much as 20 years in prison on each of the most serious charges. Judge Lewis Kaplan set a sentencing date in March.

    How Sam Bankman-Fried continued to make political donations despite $13 bilion 'hole' in FTX

    Prosecutors also showed a spreadsheet from March 2023 detailing $1.1 billion in FTX endorsement deals, which included the naming rights to the Miami Heat's basketball arena, as well as arrangements with NFL quarterback Tom Brady, model Gisele Bundchen, basketball star Steph Curry and comedian Larry David.

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