Crompton Consumer News Today

Nuvama underscored that midcaps are also expensive but they should still do relatively better than smallcaps.

Indian market has taken all headwinds in its stride and the action has been very stock-specific as Mid/small caps continue to outperform large caps, Prabhudas Lilladher stated. It lists its top large, mid and smallcap picks for model portfolio.

Indian markets recovered in September after a weak August, however, brokerage house HDFC Securities advises caution in the short to medium term on the back of high valuations and rising crude prices. It has listed 5 of its top buy calls with up to 45% potential upside. Lets take a look:

3M India, Crompton Consumer, Havells India, Orient Electric, Syrma SGS, TTK Prestige, Whirlpool, Symphony, Voltas, Polycab India, and KEI Industries are among the preferred consumer durable stock picks.

"United Spirits is one of our top picks in the consumption space and then in discretionary space we like Crompton Consumer which is part of our model portfolio along with United Spirits. We are positive on hotels as a theme . We have a positive rating on both Indian Hotels and Lemon Tree. I would say there are fewer names on the consumption side compared to on the investment and infra side."

"The metals sector has underperformed due to global uncertainty. The valuations are attractive but the business momentum is lacking. However, companies like Jindal Steel and Power and Hindalco could still be worth considering. ALso, in the festive season, consumer electronics companies can be expected to make a comeback based on recent consumer spending. There is potential for growth in both clean energy and thermal power plants."

Not only has slower global growth helped India through lower commodity prices, higher inflation in advanced economies has also boosted outsourcing 

HDFC Securities is bullish on Crompton Consumer has recommended buy rating on the stock with a target price of Rs 400 in its research report dated May 22, 2023.

Khosla, who has been elevated from the rank of managing director to executive vice-chairman, will remain on the board till December 2025. He has been with the company for seven years now

Bernstein Research has added Reliance Industries Ltd, Biocon Ltd, and Mahindra and Mahindra Ltd to its portfolio and has eliminated its cash allocation and covered its short positions from IEX as it expects a market rebound in 2QCY23.