Holi Sales: As per a survey by Kirana Club, 54.17 per cent of Kirana owners from states including Uttar Pradesh, Bihar, Rajasthan, Maharashtra, Madhya Pradesh, Chhattisgarh, Haryana, Punjab and Jharkhand said that they are seeing an increase in sales of packed mithai.
The report reveals that Maharashtra is the only state where the sale of cold drinks for national and local FMCG brands is alike. It stated that Indian kiranas prepare for summers; 67 per cent kiranas stocking more cold drinks.
Paytm exodus: The recent RBI action against Paytm Payments Bank has triggered a seismic shift in the digital payments landscape for Kirana stores. While Paytm once held a dominant position, a new survey reveals a mass exodus to alternative platforms like BharatPe and PhonePe.
Deepak Shenoy discusses the correction happening in the market, particularly in stocks with froth. He advises making calls based on individual portfolios, mentions the ongoing resolution with Paytm, and expresses caution about investing in the pharma pack due to uncertainties. Some stocks, for instance, are pure momentum and you have to play them as momentum per se, which means you get into them when they are going up and you get out of them and they are going down, that is just how the business works.