Sanjiv Mehta, Executive Chairman of L Catterton India, and former Chair & CEO of HUL, predicts that India will become a major consumption hub similar to China’s past growth. He emphasizes the importance of general trade and kirana stores in India’s economic evolution, highlighting the need for increased consumption and market development across various FMCG categories.
Kaynes shares plunge 43% from October peak. Is a tactical rebound on the cards or more pain ahead?
Kaynes has plunged 43.5% from its October peak, with Friday’s 12.5% drop marking the steepest single-day decline. Momentum indicators remain bearish, signaling a risk of