Consumer Goods Firms Hope For More Focus On Food Processing Sector

Stimulus for ailing industries needs attention, Emami Group Jt Chairman R S Agarwal said. New Delhi: In the run up to budget, consumer goods companies are looking for a greater thrust on food processing sector to add value to the agricultural produce, increase in rural wages and reduction in taxes to leave more money in the hands of consumers. The FMCG companies have asked for more focus on the infrastructural development, small businesses and affordable housing as also incentives for setting up warehousing and cold chain facilities and efforts to…

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Future Retail, Future Consumer, Future Lifestyle hit record highs

Shares of Kishore Biyani – led Future Group companies are on a roll with Future Lifestyle Fashions (up 8% at Rs 389), Future Consumer Products (up 8% at Rs 48) and Future Retail (up 5% at Rs 512) hitting their respective lifetime highs on the BSE. Future Enterprises, which, hit its 52-week high of Rs 44, rallied 6% in intra-day trade on Wednesday. At 11:25 am, the S&P BSE Sensex was up 0.47% at 31,440 points. All these stocks become multi-baggers and have rallied between 120% and 295% in the calendar year 2017 so far, against 18% rise…

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