DSIJ Mindshare

As market exuberance continues, Auto stocks witness demand revival while FMCG stocks remain strong.

Tube Investments, Ceat and Escorts Kubota witnessed positive action in today’s session.  

 Investors in these metal and power stocks have a reason to rejoice as they break their losing streak at the bourses.

MMTC and PTC India are among the top gainers in BSE “A” Group in the mid-day session.

With a positive start to the week, largely predominated by the green, the FMCG sector soared 2.5 per cent while Metal, Energy and Oil& Gas bore the brunt of the bears.

Hindustan Foods, Parag Milk Foods and Tilaknagar Industries witnessed positive action in today’s session.  

The shares of Cosmo Films have outperformed the market in giving 7.57 per cent returns in H1CY22 compared to S&P BSE Small Cap Index which has lost 14.88 per cent while the benchmark index Sensex has also shed 8.26 per cent.  

At a CMP of Rs 9680, the shares of Tasty Bites Eatables Ltd are trading at a PE multiple of 242 which is significantly higher than the industry average of 45. Investors should keep an eye on Tasty Bite Eatables Ltd to know if it continues the last few sessions’ positive momentum.