Month: September 2019

Multibagger Stock Ideas: Kitex Garments to become No. 1 Global Player in Infant Wear Segment by 2025

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Kitex Garments Ltd is Established in the year 1992, is involved in 100 per cent export of cotton and organic cotton garments, majorly infant wear. The company has been exporting its products to the United States and European markets and is one of the giant suppliers to brands to Global apparel majors like Mothercare, Jockey, […]

As Automobile Industry Crisis Worsens; Ford Motors in talks to sell its One Billion Dollar Car Factory at Sanand in Gujarat

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Ford Motor is in early talks to sell its $1-billion factory at Sanand in Gujarat, Mint reports, quoting unidentified sources. The facility – the second of the auto major’s two plants in India – can produce 240,000 vehicles annually and builds the Aspire sedan and the Figo hatchback, mainly for exports. A company spokesperson denied […]

Amid India’s Massive Economic Slowdown; Indian Consumer Spending on E-Commerce Sites has fallen by 25 Percent in First Half of 2019

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Consumer spending on e-commerce sites has fallen by a fifth in the first half of 2019, Economic Times reports, citing a Kantar report. Average spending is down 21% while average ticket size has dropped 27% over the previous year. The key categories of mobiles and fashion saw a 16-17% decline in buyer numbers. Companies are […]

FMCG Industry Crisis as Rural India stops spending, affected by Massive Economic Slowdown

People in rural India are holding back on items such as clothes, hair oil and biscuits, Business Insider reports, citing multiple research reports. That’s largely because rural wage growth reduced from 14.6% in 2013-14 to just 1.1% in 2018-19, an SBI Ecowrap study shows. Biscuits as a category, for instance, is growing at just 1%, […]

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