MOrning India (12/October/22): 1. Varun Beverages (Sting – Energizing the growth path); 2. EcoScope; 3. India Logistics
Today’s top research idea
Varun Beverages: Sting – Energizing the growth path
VBL's recently entered into new segment such as energy drink, dairy beverages and juices which are registering strong growth as compared to its existing segments. In CY17, company launched 'Sting' under energy drink segment thereby competing with global players. Since then the contribution from this segment in overall VBL portfolio has been rising
Piping hot news
India's e-retail market to increase to $150 bn-$170 bn by 2027: Report
India’s e-retail market is estimated to increase to $150 billion–$170 billion by 2027. This implies that 25 per cent–30 per cent annual growth and a doubling of market penetration to 9 per cent–10 per cent over the next five years, according to a report by consulting firm Bain & Company made in collaboration with Flipkart. The report titled ‘How India Shops Online 2022’, said that India is well poised to surpass the US to have the second-largest shopper base (only behind China) in the next one to two years. Shopper addition will continue to be at the heart of future e-retail growth.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
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