Fast-moving consumer goods (FMCG) companies anticipate sustained volume pressures in the January-March quarter (Q4) coupled with sluggish rural growth during the period.
Brokerages estimate top-line growth to be in low single digits in the quarter.
Also, the late onset of winter had an impact on demand for winter products which range from moisturisers to hot beverages.
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The Nifty Microcap 250 index has surged over 100% in FY24, while during the same period, the Nifty50 index has gained 27%. It's noteworthy to know that 96 out of the 250 stocks in the microcap index have become multibaggers in FY24, and in fact, 192 stocks have outperformed the Nifty Microcap index during this time frame.
Analysts said investors need to be selective while picking midcap stocks following the sharp rally. A couple of them suggested a few midcap stocks that investors can keep an eye on in 2024.
Rajni Bector born in Karachi, moved to Ludhiana and started her business career from scratch. Her company Mrs Bectors Food Specialities and Cremica Group of Companies manufactures biscuits, breads and ice cream.