Synopsis
. In April, sales had shrunk 16%. About a fourth of all kirana outlets were shut during the month while month-on-month orders dropped 8%.
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India s fast-moving consumer goods (FMCG) market contracted by a third in May from the preceding month due to lockdowns and restrictions in most states that led to a significant drop in orders from local grocers.
FMCG sales declined 32%, the second consecutive drop in a row for the segment, according to Bizom, which tracks sales of 7.5 million retail stores across the country. In April, sales had shrunk 16%. About a fourth of all kirana outlets were shut during the month while month-on-month orders dropped 8%. This was despite neighbourhood stores, which account for nearly 85% of all consumer product sales, being allowed to operate, albeit with restricted timings.
Growth investors have increasingly jumped aboard small cap stocks of late. With meme stock mania once again picking up steam, certain stocks such as Zomedica (ZOM) are in the spotlight of retail investors. Zomedica is a company that’s already provided investors with impressive near-term returns in rapid fashion. Since opening the year at around $0.35 per share, ZOM stock soared to a high of $2.91 on February 8th. Any stock that’s a near-10 bagger in five weeks certainly fits the description of a
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