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# 953 Daily Money Show | Money Purse Stock Market News

61.0K views · Dec 09, 2024 · 22:09 min · Watch on YouTube ↗
Takeaway

FMCG weakness is short-term — accumulate quality names; CEAT acquisition is strongly positive while CDMOs lost a key US tailwind as BioSecure Act stalled.

Summary

  • Sensex -200 to 81,508; Nifty -58 to 24,619; mid/small caps up slightly; Bank Nifty -0.19%.
  • Godrej Consumer Q3 business update: urban demand slowing while rural picks up; FMCG numbers will be weak this quarter — use any correction as SIP-style accumulation opportunity (defensive long-term bet).
  • CEAT acquiring Michelin's Camso off-highway construction-equipment tire brand for $225M; off-highway segment to grow from 15% to 25-30% of revenue with margin expansion.
  • US BioSecure Act dropped from defense bill — negative for Indian CDMOs (Divi's, Laurus, Syngene, Piramil Pharma, Neuland) which lose expected Chinese-competitor blacklist windfall.
  • Indian textile companies benefit from Bangladesh crisis + rising Vietnam production costs — global apparel orders shifting to India.
FMCGCEATCDMO
Original description
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Thanks for watching..
Team Money Purse

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