Consumer companies vie for share of India's booming stock market

  • 📰 CNBC
  • ⏱ Reading Time:
  • 53 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 60%
  • Publisher: 72%

India News

Senco Gold Ltd,Reliance Global Group Inc,Zomato Ltd

More consumer-facing companies in India are listing on India's stock exchanges, or have big plans to IPO in months to come.

More consumer-centric companies are looking to capitalize on India's booming stock market and strong economic growth, by going public.

More consumer-centric companies are looking to capitalize on India's booming stock market and strong economic growth, by going public., according to a report by BMI, backed by strong growth from consumer-focused companies in sectors ranging from healthcare, transportation and consumer staples. "The first leg of the consumption story was for big ticket items like cars, but the momentum is slowly shifting to consumer staples. So a lot of the smaller ticket consumption is is now gaining momentum," he added.Consumer names looking to go public include Softbank-backed food delivery platform Swiggy, which reportedly filed for an IPO on Sept.

Among the listings from this theme is PN Gadgil Jewellers which listed on both Indian stock exchanges this month, and made a strong debut on the bourses. The company listed at 834 Indian rupees on the Bombay Stock Exchange and 830 Indian rupees on the National Stock Exchange.Jewelry spending typically peaks during Dhanteras — a day that's considered auspicious to buy gold.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India's Bajaj Housing Finance sees shares more than double on debut after stellar IPOThe company's shares surged to as much as 161 rupees apiece, jumping about 130% from the top end of its IPO pricing of 70 rupees.
Source: CNBC - 🏆 12. / 72 Read more »