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FM Sitharaman's Budget 2024 boosts consumer durables sector FM Sitharaman's Budget 2024 boosts consumer durables sector

FM Sitharaman's Budget 2024 boosts consumer durables sector

Finance Minister Nirmala Sitharaman allocated a significant amount of capital for rural development, Agriculture and allied sectors which has potential to boost rural and urban consumption.

Manoj Reddy Sama 0 383 Article rating: 4.0

The Government of India’s focus on higher allocations for rural development, agriculture, and allied services, along with schemes for employment and skilling of youth, is expected to boost both rural and urban consumption for consumer products.

 

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FIIs bought 19,85,781 shares worth Rs 556 crore in this consumer durables stock; scrip jumps over 4 per cent! FIIs bought 19,85,781 shares worth Rs 556 crore in this consumer durables stock; scrip jumps over 4 per cent!

FIIs bought 19,85,781 shares worth Rs 556 crore in this consumer durables stock; scrip jumps over 4 per cent!

The stock has delivered strong returns over the past 5 years, with a multibagger return of over 200 per cent.

Kiran Shroff 0 6731 Article rating: 3.7

According to the quarterly results, the net sales decreased by 6.79 per cent to Rs 1,702 crore, operating profit increased by 33.33 per cent to Rs 132 crore and net profit increased by 9.30 per cent to Rs 47 crore in Q1FY24 compared to Q1FY23. In FY23, the net sales increased by 64.69 per cent to Rs 6,927 crore and net profit increased by 47.74 per cent to Rs 164 crore compared to FY22.

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