Mayuresh Joshi says: “What happens in terms of tax implications for Polycab is something that the Street would like to watch out for. That will remain as the biggest overhang for the stock from a near to medium-term perspective. The numbers are quite reasonable, quite okay. There are structural tailwinds for the sector. But the tax will keep the stock range-bound.”
Historically, these enterprises have been hesitant to navigate the complexities of capital markets due to concerns such as burdensome compliance requirements, heightened scrutiny from public and regulatory bodies, and the reluctance of promoters to relinquish their stake in the company. Moreover, the challenge of raising funds from the public, particularly when these companies are not widely known, has been a significant deterrent. Experts said several factors contribute to this trend.
2024 Polls And Rural Demand: India s FMCG companies are facing challenges in rural markets due to sluggish demand caused by deficient rainfall. Stiff competition from local firms exacerbates the situation. However, there is hope for a recovery in rural demand in FY25 with increased government spending in the election year and the harvest of rabi crops.
India s FMCG companies are facing challenges in rural markets due to sluggish demand caused by deficient rainfall. Stiff competition from local firms exacerbates the situation. However, there is hope for a recovery in rural demand in FY25 with increased government spending in the election year and the harvest of rabi crops.