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Credit Suisse downgrades Britannia, Pidilite as FMCG faces worst slowdown in 15 yrs

The brokerage prefers Nestle India, Dabur India, Colgate Palmolive as they are turnaround stories on market share gains. Global brokerage house Credit Suisse has downgraded Britannia Industries and Pidilite Industries after FMCG sector witnessed worst slowdown in 15 years. To make matters worse, the brokerage does not see a quick turnaround in the sector. Britannia Industries shares fell nearly …

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Govt’s Rs 100 lakh cr capex plan puts infra in focus; L&T, M&M among 10 stocks to benefit

Infrastructure sector has a big multiplier impact on the economy and experts feel that select stocks in the sector are likely to hog limelight. To achieve the $5 trillion economy target, the government, earlier this year, constituted a high-level task force earmarking Rs 100 lakh crore for infrastructure projects by 2024-25. The task force, headed by the economic affairs …

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