CLSA expresses caution regarding Indian FMCG companies, particularly in the Home and Personal Care sector, citing high PE ratios amidst slowing growth and declining returns. Valuations appear detached from growth, raising concerns about margin sustainability due to increasing competition and evolving distribution dynamics. The brokerage downgraded Godrej Consumer and remains wary of Hindustan Unilever and Marico.
Market Trading Guide: BEML, DMart and BSE are among 8 stocks to buy on Monday for gains up to 19%
India’s headline indices ended Friday with strong gains helped by bank, energy and IT stocks. Nifty moved up sharply after three days of consolidation, resuming