Nirmal Bang

Nirmal Bang, one of the leading stock broking companies in India, caters to retail and institutional clients by offering them a range of financial products and services, including equities, derivatives, commodities, currency derivatives, mutual funds, IPOs, insurance, depository services and PMS.

Nirmal Bang is drawn from a diversity of professional backgrounds, and blend of experience, skill and dedication is shared with its clients. Nirmal Bang emphasizes adequate, thorough research local and world-wide developments, balancing these with the astute discovery of intrinsic values, synergies and growth. The aim is simply to help the investors to maximize their returns.

A Relationship Beyond Broking

External broker reports(aggregated public sources), Nirmal Bang

External broker reports(aggregated public sources)

Thematic (Sector/Industry)

India Utilities / Thematic (Sector/Industry)

<div><div><div><div><ul><li>Commentaries from FMCG Cos paints a similar overall picture for 1QFY23 as was seen in 4QFY22.</li><li>The Indian FMCG industry continued to remain soft in 1QFY23.</li><li>It continued to be hit hard by elevated inflation, further aggravated by geopolitical tensions, leading to successive price increases and adversely impacting volume. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Commentaries from FMCG Cos paints a similar overall picture for 1QFY23 as was seen in 4QFY22.The Indian FMCG industry continued to remain soft in 1QFY23.It continued to be hit hard by elevated inflation, further aggravated by geopolitical tensions, leading to successive price increases and adversely impacting volume. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Consumer Sector - Demand Soft; Gross Margins Still Under Inflationary Pinch