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This stimulus could provide crucial support to India's economic growth during a period of global economic uncertainty. However, the relief's actual impact hinges on complex factors including consumer confidence, broader economic conditions, and individual spending behaviours.
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Patanjali Foods share price: Patanjali Foods shares dropped by 2%, despite a 71% YoY increase in net profit for Q3 FY25. The FMCG and edible oils segments showed mixed results, with the former declining in revenue and the latter experiencing significant growth. The overall revenue from operations grew by 15.07% YoY.
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Deepak Shenoy, Founder of Capital Mind, emphasizes investing in sectors like defence, manufacturing, consumer durables, and financialisation for India's growth. He advises shifting focus from expensive FMCG companies to durable goods, which show higher growth potential. Private banks and NBFCs also offer opportunities, with a positive outlook on mid to long-term investments.
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