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<ul><li>The shares of <keyword id="6361485" type="General" weightage="20" keywordseo="marico" source="Orion">Marico</keyword> fell over 4% on Wednesday as the FMCG company’s revenue grew in single digit in the last quarter.</li><li>The company noted that the consumption trends remained subdued during the last quarter.</li><li>Marico also informed the stock exchange that it had to opt for a price hike across FMCG categories.</li></ul>The shares of Marico fell over 4% on Wednesday as the fast-moving consumer goods (FMCG) company’s revenue grew in single digit in the last quarter. The company's shares closed at ₹521.6 on April 6. Marico currently sits at a market capitalisation of ₹67,431 crore, or $8.9 billion. The 42-year-old company is yet to report its financial statement for the January to March quarter, or Q4, of fiscal year 2022. However, it did offer some not-so-strong update on April 5. The company, in the filings with the stock exchange, noted that the consumption trends remained subdued during the last quarter majorly due to weak rural sentiments and inflation in global commodities due to aggravating geo-political issues between Russia and Ukraine. Marico also informed the stock exchange that it had to opt for price hike across FMCG categories in order to cope up with the current inflation levels, which hurt the consumer wallets across rural and urban areas. “While companies affected price hikes across FMCG categories to cope with the cost-push, persistent inflation continued to hurt consumer wallets across rural and urban [areas]. As a result, FMCG volumes declined in the Jan-Feb’22 period on a year-on-year basis (per Nielsen),” Marico said in a statement. Despite the subdued update, Nomura has maintained a ‘buy’ call on the shares of Marico with a target price of ₹665. The global financial services company is of the view that Marico is a strong beneficiary of a “resilient core” and significant “future growth vectors”. Nomura has estimated consolidated revenue growth of 7.4 percent year-on-year (YoY) in Q4 of FY2022. Meanwhile, profit growth is estimated to be at 5% YoY and EBITDA (earnings before interest, taxes, depreciation, and amortisation) at 9%. Meanwhile, Macquarie expects a broadly flat profit and marginal volume growth for Marico in India. The brokerage firm has given it an “outperform” rating on the stock market with a target price of ₹600. CLSA, on the other hand, believes that Marico’s current valuation looks balanced. Therefore, it has given an “underperform” call on Marico with a target price of ₹530. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/tcs-marico-tata-steel-adani-enterprises-among-stocks-to-watch-out-for-on-april-6/slidelist/90675501.cms">TCS, Marico, Tata Steel, Adani Enterprises among stocks to watch out for on April 6</a> <a href="https://www.businessinsider.in/business/startups/news/josh-dailyhunt-parent-company-verse-raises-805-million-takes-valuation-to-5-billion/articleshow/90675633.cms" data-type="tilCustomLink">Josh, Dailyhunt parent company VerSe raises $805 million, takes valuation to $5 billion</a> <a href="https://www.businessinsider.in/business/auto/news/toyota-hilux-price-specification-features-in-india/slidelist/90667350.cms">All you need to know about the new heavy-duty pickup truck— Toyota Hilux</a>

A weak January-March quarter update has left Marico investors quite upset

<ul><li>If an investor had invested ₹10,000 in this stock a year ago, the investment would have turned to over ₹1.55 lakh today.</li><li>The Tata Group telecom services company Tata Teleservices (Maharashtra) is a leading enabler of digital connectivity and cloud solutions to enterprises.</li><li>Shares of the company have multiplied over 28 times in the last five years from ₹7 per share to ₹202 today.</li></ul>Tata Group telecom services company Tata Teleservices (Maharashtra) is among those stocks that every investor dreams of investing in as it has made huge sums of money for investors over a period of time. The company got every investors’ attention because of having a strong parent -- Tata Group -- despite making losses. If an investor had invested ₹10,000 in this stock a year ago, the investment would have turned to over ₹1.55 lakh in one year. Moreover, shares of the company have multiplied over 28 times in the last five years from ₹7 per share to ₹202 today. The Tata Group telecom services company Tata Teleservices (Maharashtra) is a leading enabler of digital connectivity and cloud solutions to enterprises. The <keyword id="146310" type="General" weightage="20" keywordseo="tata-group-company" source="Orion">Tata Group company</keyword>’s surge in share price does not match the reality of its business. Simply put, the company has been making huge losses for a long time although its losses have narrowed gradually. <div type="image" title="tata tele" height="900" width="1200" msid="90685360" hostid="261"></div>The company is a business-to-business provider of calling and internet services for clients in Maharashtra and Goa. It provides connectivity and communication solutions ranging from connectivity, collaboration, cloud, security, internet of things (IoT), marketing solutions and so on. To add to the woes, the company has been struggling with a huge debt for a long time. Its net total debt stood at ₹19,315 crore as of March 31, 2021, rising from ₹16,634 crore in the previous year. The company in its annual report of 2021 has admitted that it experienced difficulties in its borrowing programmes in the past and the current economic scenario on account of the COVID-19 which may impact its existing debt adversely. Despite the company’s not-so-good balance sheet, shares of the company have hit the 5% upper circuit in several instances in the recent past. <div type="image" title="tata tele stock chart" height="900" width="1200" msid="90685374" hostid="261"></div>There are talks that the launch of high-speed 5G network will benefit the company in aiding broadband internet services in all villages. The company is banking on the new trend of digital transformation for enterprises since COVID-19 to provide an entire service of internet connectivity to a firm. “The pandemic has highlighted the importance of connectivity, with large enterprises seeking higher speeds and more data. Going forward it is expected that the small and medium sized businesses (SMBs) spending on information and communications technology (ICT) digital transformation solutions like cloud, digital collaboration, use of high speed internet and security solutions will increase,” the company said in its annual report. In fact, analysts suggest investors to stay away from investing in such highly speculative stocks because of lack of good fundamentals. “Tata Teleservices is a highly speculative stock trading with high volatility but low volume. Generally, investors should avoid investing in such type [sic] of manipulative stocks irrespective of its return as it is to compensate for the high risk associated with them,” said Ravi Singh, vice president and head of research at Share India. “We can’t conclusively say whether the company has performed due to any fundamental reasons or not. One more point to be noted is that in a bull run there are many penny stocks, which defy gravity and rise without any change in underlying fundamentals,” said Santosh Meena, head of research at, Swastika Investmart. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/a-weak-january-march-quarter-update-has-left-marico-investors-quite-upset/articleshow/90684739.cms">A weak January-March quarter update has left Marico investors quite upset</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/koo-is-the-first-indian-social-media-network-to-enable-aadhaar-based-verification/articleshow/90684374.cms">Koo now allows Aadhaar-based verification on its microblogging platforms</a>

This multibagger Tata stock gave exceptional returns to investors but analysts are not impressed

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A weak January-March quarter update has left Marico investors quite upset

Kritti Bhalla

This multibagger Tata stock gave exceptional returns to investors but analysts are not impressed

Bhakti Makwana

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