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HUL: "We expect FMCG demand to continue improving gradually. Forecast of above-normal monsoons and improving macroeconomic indicators augur well. We expect price growth to be a low single-digit decline in the first half of FY24," said Tiwari during earning call.
Siddharth Srivastava, ETF Products & Fund Manager at Mirae Asset Investment Managers (India), advises caution in microcap and smallcap categories due to high valuations. He expects market consolidation until earnings justify current valuations. "From an investment horizon point of view, we believe that whosoever is investing in smallcaps, be it BR fund or any other fund, he or she should now look at at least a four to six-year horizon. "
Annual headline inflation increased in Uganda and Kenya, remained unchanged from the previous month in Tanzania and declined in Rwanda
Annual headline inflation increased in Uganda and Kenya, remained unchanged from the previous month in Tanzania and declined in Rwanda
India Business News: Indian stock indices started the day with a slight rise, following the positive trend in the US markets. The return of foreign portfolio investors to