CONSUMER
Wall Street Week Ahead-Black Friday puts consumer spending in market's glare with stocks near records
As Black Friday approaches, retailers are bracing for a holiday season that will test consumer resilience amid inflation. While some retailers like Walmart have raised forecasts, others like Target are struggling. Investors are closely watching consumer spending and inflation data for clues on the economy's trajectory.
Long-term investing with a different perspective: Stocks of 5 companies with strong brands which have stood the test of time
In a particular sector, if only one or two companies are listed on the market, and the rest are unlisted players, it suggests one of two things. First: The overall size of the sector is not too big. Two: It is a largely unorganized sector. If it is the latter case, and the listed player has a strong brand, then the stock is worth looking at. There are examples of such stocks commanding a premium on the street and, over the long term, delivering returns as well. But do check whether the brand is at least two decades old. Why two decades? Because in the last two decades India Inc has seen the best of competition. If the company and its brand have been able to survive the competition, then they must be operationally efficient. And that is what matters in the long run.
Wall Street ends mixed, Nvidia shares slip after the bell
The Nasdaq dipped on Wednesday, halting its previous rally, as investors reacted to heightened Russia-Ukraine tensions and disappointing Target earnings. Meanwhile, the Dow and S&P 500 saw modest gains. Market sentiment was also influenced by anticipation surrounding Nvidia's earnings, which were released after the closing bell.
Housing: It is a chain rather than one industry; 13 stocks from housing ecosystem with an upside potential above 24%
In some sectors, owning a whole chain of stocks makes more sense than taking exposure to a single stock. A sector has many industries, and each has its own internal cycle. There are times when one segment of the sector might be facing problems. So, having exposure to a number of segments helps in diversification of the portfolio. It also helps you take better advantage of a sectoral bull run. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ¨C earnings, fundamentals, relative valuation, risk, and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Honasa Consumer shares crack 34% in just 2 days. Is the glow fading away?
Mamaearth's parent company, Honasa Consumer, saw its shares plummet 34% after reporting a significant second-quarter loss. Market analysts expressed concerns over the company's performance, citing factors like disappointing quarterly numbers and the impact of Q-commerce. While a short-term technical bounce is possible, the stock's overall outlook remains bearish.
Honasa Consumer shares extend losses for second session, shed 34% in 2 days
Honasa Consumer share price: Shares of Honasa Consumer, the parent company of Mamaearth, fell 34% over two days, hitting a 52-week low of Rs 242.60, following disappointing Q2 results. Mamaearth¡¯s stock dropped 18% on Tuesday after a 20% decline on Monday. The company reported a net loss of Rs 19 crore, with revenues down 7% to Rs 462 crore due to sluggish demand and operational challenges.
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PG Electroplast shares soar 15% on EV and battery assembly venture
PG Electroplast share price: PG Electroplast's stock soared 15% after its subsidiary, PG Technoplast, secured an exclusive EV manufacturing partnership with Spiro Mobility in India. This collaboration leverages PG Technoplast's manufacturing prowess and Spiro's expertise in EV technology, aiming to establish a significant presence in the Indian EV market.
Citi India Strategy: Maintains a 20% overweight allocation on India
Citi's latest report reveals mixed results for India's festive season, with some sectors thriving while others lagged. Despite this, Citi maintains a positive outlook on India, increasing its allocation by 20% due to the country's stable growth and resilience against global economic headwinds.
Honasa stock plunges after poor Q2 show
Concerns over a likely decline in sales in its flagship brand, Mamaearth and earlier expectations of strong earnings growth have made investors sceptical about the stock's prospects.
Sensex drops 600 pts, Nifty below 23,400 as slow earnings and FPI outflows weigh on investor mood
Stock Market Today: Indian benchmark equity indices traded lower on Monday, weighed down by concerns over slowing earnings growth and foreign outflows. Additionally, comments from the Federal Reserve Chair signaling a slower pace of interest rate cuts further dampened market sentiment.
Honasa Consumer shares crash 20% to 52-week low after reporting YoY loss in Q2
Honasa Consumer share price: Honasa Consumer, the parent company of Mamaearth, faced a setback with a net loss of Rs 19 crore in the second quarter. This loss comes after a strategic shift in their distribution model. Despite the setback, the company experienced growth in certain product categories and offline market share.
Honasa downgraded to ¡®Sell¡¯ as shares plunge 20% amid Q2 weakness
Emkay Global downgraded Honasa Consumer, the parent company of Mamaearth, to 'SELL' from 'BUY' and slashed its target price by 50% to Rs 300 after the company reported its first quarterly loss in five quarters due to weak demand and distribution challenges.
Hot Stocks: Brokerages see 20-30% upside in Hero MotoCorp, CG Consumer and Grasim
Global brokerage firms have shared optimistic outlooks on key stocks. Nomura remains bullish on Hero MotoCorp, citing rural growth, while Citi maintains a positive view on Grasim Industries despite a weak Q2. CLSA continues to favor Crompton Greaves Consumer Electricals for its sustained growth and margin improvement, with all three stocks showing significant upside potential.
Wall Street ends mixed while inflation data keeps Fed rate-cut hopes intact
U.S. stocks saw mixed results on Wednesday as October's consumer price index met expectations, bolstering predictions of a December interest rate cut by the Federal Reserve. The CPI's 0.2% rise, aligning with forecasts, pushed trader bets for a rate cut above 80%.
Ahead of Market: 10 things that will decide stock action on Thursday
Indian equity indices plunged on Wednesday, with the Sensex falling 984 points and the Nifty dropping below 23,600, driven by rising inflation, weak earnings, and ongoing foreign outflows. Analysts see 23,500 as a key support level, with further corrections possible below this point.
Sula Vineyards shares crack 7% as Q2 PAT declines by 37% YoY, revenue dip marginally
Shares of Sula Vineyards fell 7.4% after reporting a 27.3% YoY decline in Q2 profit and a 1.2% revenue dip, despite strong performance in its Elite & Premium portfolio.
LIC books profit in more than 100 stocks as bears outnumber bulls
India's largest institutional investor, LIC, has reduced its stake in over 100 NSE-listed companies, reaching a record low ownership of 3.59%. This move comes amidst a volatile market where FIIs have withdrawn significantly, impacting the Nifty. Despite this, experts believe India's valuation remains reasonable, with earnings growth expected to continue.
Dow Jones Industrial Average notches record high close
The Dow Jones Industrial Average reached a new high, driven by bank stocks boosted by optimism surrounding President-elect Donald Trump's anticipated fiscal policies. Smaller companies are also expected to benefit from Trump's proposed tax cuts and anticipated deregulation. The market is closely observing inflation data and economic indicators for insights into monetary policy.
S&P 500 breaks 6,000 level as Trump and Fed-fueled rally advances
The S&P 500 briefly surpassed 6,000 points for the first time as investors celebrated Trump's election victory and a likely Republican sweep in Congress. The markets soared this week, posting their best week in a year, fueled by expectations of business-friendly policies and a Fed rate cut.
Wall St Week Ahead: Inflation data poses test for stocks rally after Trump win
Investors are closely watching inflation trends to see if the stock market rally, fueled by Trump's victory and expectations of tax cuts, can be sustained. The Federal Reserve's ability to continue cutting rates hinges on inflation remaining moderate. While Trump's policies could boost growth, they also carry the risk of reigniting inflation.
These consumer durables stocks can deliver more than 24% return in 1 year, according to analysts
Some consumer durables stocks have been under pressure. There are two reasons for this. One, in a number of cases the Q2 numbers have been less than street estimates. Two, more importantly, a number of them have large FII exposure. And with FII turning sellers in a big way since early October, there is pressure on these stocks. But this is the short-term story. The long-term story is very different. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Titan shares slip 1% ahead of Q2 results today
Titan is set to release its July-September 2024 quarter results, with analysts predicting a potential 27% drop in net profit due to inventory losses from customs duty cuts. However, sales are expected to rise by 3%, fueled by a strong 25% growth in the core jewelry segment.
Stock Radar: 200% rally in 6 months! This multibagger consumer electronic stock finds support around 12-WMA
This BSE Smallcap index stock surged from Rs 199 on April 29, 2024, to Rs 585 on October 29, marking an over 192% gain. Although it reached a record high of Rs 694 on September 25, it couldn¡¯t sustain the peak. Experts suggest the slight dip as a potential buying opportunity, as the stock continues its uptrend and found support above the 12-week moving average on weekly charts.
Godrej Consumer Products shares surge 5% on reporting 13% YoY Q2 PAT growth. Should you invest?
Godrej Consumer Products shares rose 5% after a 13% net profit increase to Rs 491.31 crore. Analysts maintain buy ratings, with target prices ranging from Rs 1,450 to Rs 1,600.
Shares of Godrej Consumer Products in focus on 13% YoY Q2 PAT growth
Godrej Consumer Products Ltd reported a 13% increase in its net profit to Rs 491.31 crore for the September quarter, driven by growth in domestic volumes and the Indonesian market. Revenue rose 2.2% to Rs 3,647.11 crore, while expenses slightly increased to Rs 3,039.88 crore.
HUL worries trigger selloff in FMCG companies
The Nifty FMCG Index plunged nearly 3%, its steepest single-day drop in 28 months after HUL's second-quarter results missed expectations, disappointing investors. Analysts anticipate continued margin pressure for consumer companies in the near term due to rising raw material costs and weak urban demand.
CD&R makes Rs 2,983 cr open offer for 26% stake in Sanofi Consumer Healthcare India
Global investment firm CD&R announces an open offer to acquire a 26% stake in Sanofi Consumer Healthcare India for up to Rs 2,983 crore. This follows exclusive negotiations to acquire a controlling stake in Opella. The offer price is Rs 4,982.05 per share, aiming to secure 60.4% voting rights after the deal completion.
Tata Consumer shares tanks nearly 10% as Q2 results disappoint. Brokerages slash target prices
Tata Consumer Share Price: Revenue from operations for the reported quarter stood at Rs 4,214 crore, up 13% from Rs 3,734 crore in the corresponding quarter of the previous financial year.
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