“The fiasco in the last two days has dampened overall sentiments and certainly disrupted prices across the board,” said Sameet Chavan, chief analyst - technical and derivatives at Angel One. "From an optimist's point of view, its good that the market is approaching the Budget on a lighter note, and any favorable outcome would lift the markets higher," Chavan said, but added that any slight disappointment would result in a further aberration in the market.

“You might be wondering, why isn't instant settlement like payments possible. This is because most trading volumes on the exchange are from intraday traders who buy and sell stocks without taking delivery or have the stocks to deliver immediately," said billionaire Kamath.

​See, ultimately, it is all about content. So if content is good, after the initial first three days which is looking very good, I think then it will boil down to content.

Global brokerage firm Nomura believes Budget focus areas could include ‘subtle support of consumption, a strong focus on manufacturing with an emphasis on MSMEs, higher infrastructure spending, asset monetisation, and agriculture and rural spending.

“Niftys 17800-18200 range has been holding for some time now. To break the upper end of the range, the market needs positive triggers. Early Q3 results broadly have been positive with IT companies and banks delivering good results,” Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

NIFTY50 on the daily chart has found resistance near the upper band of the Triangle pattern and prices witnessed some profit booking after showing a fine up move from 17,880 to 18,183 levels. The broader range has been the same but buying has emerged on the daily chart where the index has shown optimism to sustain above 18,000 levels.

Experts feel the 17,800-18,200 range is expected to break on either side after the announcement of the Budget, hence, if the Nifty breaks 18,200, then 18,500 is the level to watch out for

Taking a glance at the rising volumes, we expect the momentum to extend in Dabur India in the forthcoming week.

Promoters held 67.24 per cent stake in the company as of 30-Sep-2022, while FIIs owned 20.23 per cent, DIIs 6.43 per cent.

Net Sales are expected to increase by 5.5 percent Y-o-Y (up 3.9 percent Q-o-Q) to Rs 3,104.1 crore, according to Nirmal Bang.

Dabur India, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 96428.23 Crore) operating in FMCG sector.

Promoters held 67.24 per cent stake in the company as of 30-Sep-2022, while FIIs owned 20.23 per cent, DIIs 6.43 per cent.

Operating margin for the three months ended December would shrink by 200 - 250 basis points, the fast-moving consumer goods company said, adding that its gross margin would improve sequentially due to a pick-up in demand in India towards the end of the quarter.

In its business update, the company highlighted that the pressure was further accentuated by late onset of winter in north India but early signs of moderate recovery were visible towards the latter part of the quarter coupled with some abatement in inflation.

Badshah Masala has become a subsidiary of Dabur "with effect from today", a regulatory filing stated. The majority stake was acquired for a cash consideration of Rs 587.52 crore.

Share India Securities board will meet for considering the proposal of raising funds by way of issue of one or more instruments including equity shares/convertible securities either by way of preferential issue/ rights issue.

The net proceeds from fresh issuance worth Rs 357 crore will be used towards financing the repayment/pre-payment of a loan facility, purchase of equipment and civil work, expansion in capacity of automotive oil, petroleum jelly, white oils by installing blending tanks, funding working capital requirements and general corporate purposes.

The latest sale of 1% stake by the Burman family in Dabur, which fetched around Rs 1,000 crore, is viewed as a step towards increasing holding in Eveready to over 50% from 43%, which may also result in reducing debt

"Burman family, who are part of the majority shareholders of Dabur India Ltd, have sold approximately 1 per cent shares through a block deal," said a regulatory filing by Dabur India.

Gyan Enterprises Pvt Ltd and Chowdry Associates are the two promoter group entities that sold the stake, the company said in an exchange filing.

Goldman Sachs is the broker of the deal. Dabur is among the few stocks in the FMCG space to have underperformed in 2022. At 10.22 am, the shares of Dabur India were trading 2.6% lower at Rs 573.35 over its previous days closing price of Rs 588.75. The stock has gained just 3% in the last one year.

While the stock has gained 14 percent in the last six months, it is down over 1.5 percent for 2022

The promoters will offer up to 4% discount from the current market price for the stake in the fast moving consumer goods major

The promoters are considering to sell the stake at up to four percent discount as against the market price, sources told CNBC Awaaz.

While the discussions are at an initial stage, according to the report, the deal could be valued at Rs 1,000-1,500 crore

On the daily charts, Dabur formed a Pole and Flag pattern which is also a bullish continuation pattern. Most of the technical indicators suggest that the momentum is likely to continue on the higher side.

Sapphire Foods, Barbeque-Nation Hospitality, Mrs Bectors Food, and V-Mart are among the brokerage's top picks among smaller consumer companies. IIFL's price targets for these stocks imply a 22-28% upside from Tuesday's closing prices.

The personal care maker hit a 52-week high of Rs 610 on 7 December 2022. It witnessed some profit taking but experts feel that technical setup suggests the next target is placed around Rs 660 level.The stock has breached a tiny falling trendline and immediate hurdle indicating a resumption of positive movement on the monthly charts.

The product will only be sold online

Dabur India prices on daily timeframe are continuously hovering around the upper Bollinger Band which tells that the volatility of the prices are rising for upmove.

Dabur is looking very promising as of now. We have witnessed a flag and pendant kind of a pattern breakout in Dabur because from the past two weeks there has been a strong surge in the stock from the approximate level of 560 till the levels of 600.

Subdued Asian markets and continued selling by foreign investors further weighed on investor sentiment, traders said. The 30-share BSE benchmark ended 216 lower at 62,410.68, while Nifty settled at 18,560.50.

"As we expect rural demand to recover and growth to improve, we believe the company's recent underperformance could reverse over the next few months," Morgan Stanley said.

Krishan Kumar Chutani shall cease to be CEO of Dabur International Ltd., material subsidiary of Dabur India Limited, with effect from close of business hours on 28th February, 2023, according to Dabur India's filing to the stock exchanges.

Moreover, the rebound in shares has not been broad-based, as most midcap stocks remained out of favour. On a YTD basis, stocks like Emami, Marico, and Godrej Consumer Products have given negative returns.

In the financials basket, HDFC Bank, ICICI Bank, SBI, HDFC, Bajaj Finance, Kotak Mahindra Bank and Axis Bank are also on the list. However, while evaluating banks and other lenders, price-to-book value (P/B) is more appropriate than PE as banks earn income based on their balance sheet size.

“We like Britannia, HUL, Nestle and Dabur in the staple space. In discretionary stocks, we like Asian Paints. Just look at the valuations in these four-five companies. You will miss out on earnings trajectory and EPS improvement which is going to happen over the next two years because most of the pain of rural slowdown and commodity inflation is now behind us.”

“The valuations in the FMCG sector have been very high traditionally and it is no surprise to see very high multiples. There is a structural growth story for many years ahead. So this sector is doing well today but if we see some sort of leadership change and China opening up in the next two months ahead, then leadership would perhaps transfer to early cyclicals as opposed to some of these FMCG stocks. ”

The Nifty50 hit a fresh record high of 18,678 in intraday trade on Tuesday, 29 November. Nifty FMCG emerged as a top gainer as the index closed 1.8% higher.

IDBI Bank shares gained nearly 3 percent to close at Rs 54.30, the highest closing level since November 10, 2021 and formed high wave kind of pattern on the daily charts, making higher highs higher lows for third consecutive session.