NEW DELHI, April 16 -- Covid-19 infections are soaring and the broader Nifty 50 index is feeling the heat, falling by around 4.8% over the last month.
Investors, however, have found some comfort in the defensive Nifty FMCG index, which has risen by 4.5% in a month. In the upcoming results season, when consumer staples' firms announce their March quarter earnings, management commentary will be crucial.
Investors should note what companies have to say about the impact on demand due to rising cases and related curbs on mobility. This would have a bearing on future earnings of the companies.
"We believe management commentary around local restrictions, input price trend and product price action will hold the key for stock price performance," ...