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Waka Waka! Indian consumer giants seek to roar louder in Africa
Indian consumer firms are significantly boosting investments in Africa, shifting from market entry to large-scale operations. Driven by a young population and underpenetrated markets, beverages, hair care, and personal care sectors are showing robust growth. Companies, such as GCPL, VBL, Dabur India and Marico are prioritizing local manufacturing and distribution, viewing Africa as a crucial long-term growth engine despite currency volatility and retail fragmentation.
ITC can rally up to 13%; key momentum indicator flags 'Buy': Bajaj Broking
Analysts at Bajaj Broking said the monthly stochastic rebounded from oversold territory and generated a 'Buy' signal, suggesting a likely positive bias going ahead.
Sheetal Cool Products bags Rs 4-cr export order
Sheetal Cool Products has received an export order for the supply of its products, valued at approximately Rs 4 crore.
Patanjali Foods Ltd slips for fifth straight session
Patanjali Foods Ltd is quoting at Rs 412.4, down 0.43% on the day as on 13:19 IST on the NSE. The stock tumbled 25.13% in last one year as compared to a 5.29% slide in NIFTY and a 10.33% fall in the Nifty FMCG index.
Madhusudan Kela-backed fund buys stake in IPO-bound Steamhouse India for Rs 40 crore
Ace investor Madhusudan Kela's funds, along with Niveshaay Sambhav Fund, have injected Rs 49.99 crore into Steamhouse India via a pre-IPO placement. This strategic investment positions these entities to hold nearly 3% of the company's pre-IPO equity. Steamhouse India, a Surat-based firm, operates a unique centralized steam supply model for industries and is preparing for its initial public offering.
United Spirits set to cut 100 jobs to curb costs, streamline operations
United Spirits is cutting around 100 jobs in India as part of parent Diageo's global cost-saving drive. This significant workforce reduction, impacting mid- to senior-level employees, aims to streamline operations and boost productivity. While the company continues investing in key brands and growth markets, further roles could be affected. This move comes despite strong recent financial performance and ongoing supply chain optimization efforts.
Dalmia Bharat share price gains as Goldman Sachs upgrades to ‘Buy’; sees 17% upside
Dalmia Bharat share price rose nearly 2% after Goldman Sachs upgraded it to a Buy. The target price was revised to ₹2,020, indicating a 17% upside. Concerns exist over energy costs, demand outlook, and capacity additions, but easing tensions in the West Asia conflict support a positive view.
Stocks To Buy: What about Dalmia Bharat excited Goldman Sachs that prompted a rating upgrade
At the current levels, Dalmia Bharat shares are trading at a one-year forward Enterprise Value / EBITDA multiple of 10.4 times its estimated earnings for financial year 2027 and 9.07 times for financial year 2028. In comparison, the largest player UltraTech, is trading at 18.6 times financial year 2027 and 15.5 times financial year 2028 EV/EBITDA.
Missed the FII U-turn? 6 stocks turned multibagger after foreign investors corrected their mistake
Foreign institutional investors (FIIs) reversed their selling trend in six select Indian stocks, turning them into multibaggers. Bajaj Consumer Care led the pack with a 265% surge after FIIs significantly increased their stake. Other beneficiaries include Acutaas Chemicals, SML Mahindra, Dee Development Engineers, United Foodbrands, and RateGain Travel Technologies, all witnessing substantial gains following FII re-entry. This shift highlights smart money's strategic course correction.
Britannia Share Price Live Updates: Britannia's Price and Returns Overview
Nestle India Share Price Live Updates: Nestle India Price Movement
'Britannia, Dabur At Risk': Macquarie Flags Monsoon Risk For Rural Consumer Stocks; Check Top Picks
Macquarie prefers companies with stronger structural growth drivers and relatively better positioning. Its top picks in the consumer space are Titan, Lenskart, Marico and Hindustan Unilever (HUL).