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The market capitalisation of all listed companies on BSE declined by ₹4.63 lakh crore to Rs 419.21 lakh crore today.
Trump followed through with threats to slap Canada and Mexico with duties of 25% and China with a 10% levy at the weekend, calling them necessary to combat the flow of migrants and fentanyl into the US
In response, Canada and Mexico immediately vowed retaliatory measures, while China announced plans to challenge the tariffs at the World Trade Organization. The tariffs, outlined in three executive orders, are set to take effect on Tuesday.Meanwhile, Motilal Oswal’s Gautam Duggad said that investors should be betting on Trent Ltd., Titan Ltd. and Indian Hotels Ltd. post Budget 2025.
Duggad shared these names as his top consumption ideas in an interaction with CNBC-TV18 today.Duggad said that Trent’s growth is double or triple its peers in the same segment, adding that consumption weakness will recover in the next 2-3 quarters.
Duggad expects a re-rating in the consumer staples stocks, within which he is “heavily overweight” on discretionary consumption.
Trent features among Motilal Oswal’s top largecap idea post Budget 2025, with a price target of ₹8,310.
Among the other two names on Duggad’s list, Motilal Oswal has a price target of ₹3,850 on Titan and that of ₹960 on shares of Indian Hotels.
Motilal Oswal’s price target implies a potential upside of 18% on Indian Hotels, 7% on Titan and a substantial 34% on Trent.
Consumption-oriented stocks have been in focus since Saturday, after Finance Minister Nirmala Sitharaman announced that individuals earning income of up to ₹12 lakh, excluding capital gains, will not have to pay any tax, with the help of rebates.
