Continued selling of Indian stocks by foreign portfolio investors coupled with high stock valuations are among some of the concerns for the investors. - BSE Market Cap Hits Record High Of $4.7 Trillion, Indian Stock Indicants Up For 5th Consecutive Session
Leading consumer goods companies like Britannia, Dabur, Amul, and Parle are restricting sales to organized wholesalers like Flipkart Wholesale, Udaan, and Reliance Cash and Carry to avoid margin issues and cannibalization by traditional distributors. This helps them reach the vast network of kirana stores in India.
Deepak Shenoy discusses the correction happening in the market, particularly in stocks with froth. He advises making calls based on individual portfolios, mentions the ongoing resolution with Paytm, and expresses caution about investing in the pharma pack due to uncertainties. Some stocks, for instance, are pure momentum and you have to play them as momentum per se, which means you get into them when they are going up and you get out of them and they are going down, that is just how the business works.
Fmcg: "If you look at India, the good thing about quarter four is with the price pressure that is there in India, one of the impacts of deflationary pressure in some categories could be with increased competition and so forth. We have seen a volume growth, so the minus 2% on pricing was balanced by a 2% volume growth. I think that s a positive for India," Unilever s chief executive officer Hein Schumacher said during its earnings call.