During these days, Yog guru Baba Ramdev's Patanjali units are often frequented by several investors & traders, but they are there not to pick Baba's brains on yoga, but to get some insights into how Patanjali works, & how it has disrupted the business techniques of many bigger FMCG firms.Click for Share tips
"We watched many visitors from the research & investment community consistently these days. They are constantly in touch with us to know our progress," told by general secretary of Patanjali Ayurved Mr. SK Tijarawala.
Given the unstability over economic growth and the state of the markets, investors are about to defensive sectors such as FMCG that offer high growth visibility. But there's one thing that's bothering them, the impact of Patanjali's disruptive technique, especially the cheap pricing for quality products.
Today, Most Asian markets were trading mixed on morning. Japan's benchmark Nikkei was trading near 0.48 per-cent higher at 16,265.58. China's CIS300 fell down by 2.76 per-cent to 2,866.69.
Other indices, including Hong Kong's Hang Seng (down 0.99 per-cent), Taiwan's TWSE went (up 0.54 per-cent) & South Korea's Kospi went (down 0.06 per-cent) were trading mixed.
US mkt closed low on Friday: Last week Wall Street closed high, with the Dow Jones index falling down by 0.34 per-cent to settle at 16,639.97. Data US GDP of United States grew at a 1 per-cent yearly rate, instead of the last reported 0.7 per-cent growth. Economists polled by Reuters had estimated that Q4 GDP growth could be revised down to a 0.4 per-cent pace.
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