Union Budget 2024: Impact of the budget on FMCG Companies
Union Budget 2024: Impact of the budget on FMCG Companies
Finance Minister Nirmala Sitharaman allocated a significant amount of capital for MGNREGA, Agriculture, and allied sectors which could improve rural consumption.
The increased funding for MGNREGA, agricultural support, and the focus on improving productivity in agriculture is expected to raise disposable incomes in rural areas, leading to higher rural consumption and benefiting FMCG companies.
52-week high alert: FMCG mega player declares dividend of Rs 10 per share; Do you own it?
The company achieved a substantial underlying volume growth of 12 per cent, coupled with a notable top-line growth of 6 per cent.
The record date to determine the eligible shareholders for receiving the dividend is scheduled for Tuesday, May 14, 2024.
Key initiatives in budget 2024: Empowering the poor and boosting FMCG purchasing power
Direct Benefit Transfer, PM-SVANidhi, PM-JANMAN Yojana, PM-Vishwakarma Yojana, and PM Mudra Yojana are some of the key initiatives announced in Budget 2024 aimed at empowering the poor and increasing their purchasing power.
Direct Benefit Transfer, PM-SVANidhi, PM-JANMAN Yojana, PM-Vishwakarma Yojana, and PM Mudra Yojana are some of the key initiatives announced in Budget 2024 aimed at empowering the poor and increasing their purchasing power.
World Chocolate Day: This company manufactures the most desirable chocolate KitKat.
Company’s Kit Kat chocolate has also won India’s most desirable chocolate bar brand in the year 2022.
Nestle India achieved a significantly high return on capital employed (ROCE) at 138 per cent and a return on equity (ROE) at 108 per cent.
This small-cap stock that has delivered a staggering 35,000 per cent return over the past decade, turning a Rs 10,000 investment into Rs 35 lakh!
The company has diversified its manufacturing capabilities across various FMCG categories, including food and beverages, home care, fabric care, beauty and personal care, health care and wellness, leather and sports footwear and pest control, among others.
While the company has returned 627 per cent over the last five years and the stock has surged 400 per cent in the last three years, its shares have been under pressure this year, falling 6.80 per cent year-to-date.
Overnight Digest: Stocks to keep an eye on February 28!
The NSE Nifty 50 index closed at the 17,400 level, slipping 0.42 per cent, while the S&P BSE Sensex lost 175 points
The session in the stock market was characterized by strong volatility, with indices closing on a weaker note despite fresh buying interest in real estate stocks
Union Budget 2023 – 2024: Highlights for FMCG Sector
Finance Minister Nirmala Sitharaman presents Union Budget 2023.
Finance Minister Nirmala Sitharaman presents Union Budget 2023.
Stock below Rs 300: This FMCG stock receives an order worth Rs 5.21 crore!
The stock now has a PE of 18.3 per cent, an ROE of 12.80 per cent and a 1-year CAGR of 22 per cent, respectively.
The stock now has a PE of 18.3 per cent, an ROE of 12.80 per cent and a 1-year CAGR of 22 per cent, respectively.
Shares below Rs 100: Only buyers were seen in these stocks on December 30!
Shares of GRM Overseas, the top BSE Smallcap gainer, soared almost 20 per cent, keeping small-cap bulls active.
Shares of GRM Overseas, the top BSE Smallcap gainer, soared almost 20 per cent, keeping small-cap bulls active.
Stock below 100: This small-cap FMCG stock announces 8 crore buy-back. Do you own it?
The company is a leading and consistent supplier of grapes and pomegranates from India to supermarkets mainly in Europe
This small-cap company, with a market capitalization of Rs 102 crore, declared a maximum of Rs 8 crore buyback amount at a maximum price of Rs 115 per share.
Keep an eye on this FMCG stock, which was locked in the upper circuit on December 06; here's why!
Today, the stock of this company was locked at 20 per cent at Rs 266.15 per share.
Today, the stock of this company was locked at 20 per cent at Rs 266.15 per share.
Shares below Rs 100: Only buyers were seen in these stocks on November 29!
Shares of BCL Industries soared more than 16 per cent on a 9-fold increase in volume, making it the top gainer on the BSE Smallcap index
Shares of BCL Industries soared more than 16 per cent on a 9-fold increase in volume, making it the top gainer on the BSE Smallcap index