Explore stories from Atlantic Canada.
Halifax police investigating Monday morning Dartmouth death as suspicious | SaltWire #newsupdateMUMBAI - The yawning divide between the super-rich and middle-class in India's booming economy is set to persist, if the"underperformance" of consumer stocks in the raging stock market is anything to go by.
The premium segment, comprising companies that sell cars, high-end electronics, expensive watches and jewellery, is seeing brisk business and soaring share prices. Tata group-owned Titan Company has seen its share price rise 44.3% over the past 12 months while luxury watch retailer Ethos has gained 162%.
Consumption in segments that cater to groups where income growth is weak has been tepid, said Sonam Udasi, senior fund manager at Tata Asset Management, which is underweight FMCG stocks in its India Consumer Fund. Rising prices for staples such as vegetables and the popular 'surti kolam' rice, means he had to cut other spending.
In an index of consumer durables, 10 of the 15 stocks, including refrigerator maker Voltas and popular washing machine manufacturer Whirlpool, have underperformed benchmark indices in the current financial year.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold market analysis for March 18 - key intra-day price entry levels for active tradersThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Analysis-Once burnt, investors curb enthusiasm for India's startupsExplore stories from Atlantic Canada.
Read more »
Analysis-Beyond Modi, India's opposition struggles with financial crime agencyExplore stories from Atlantic Canada.
Read more »
18 school projects announced for Calgary area in Alberta’s 2024 budgetThe Alberta government announced funding for 18 school projects in the Calgary area in its 2024 budget, tabled Thursday.
Read more »
City crews clearing main routes out after Saturday snowstorm in Calgary dumps 18 cm of snowThe City of Calgary’s snow crews were out clearing the busiest roads after a major snow dump Saturday.
Read more »
With These Childhood Photographs, I Want To Revive Reading Habits (18 Pics)In an age dominated by screens, the joy of reading is fading among the youngest generation. My name is Iwona Podlasinska and I'm a photographer based in Poland.
Read more »