Tag Archives: stock price falling

ITC’s pain is HUL’s gain

ITC

In Budget 2020, the government has increased its allocation to the Agriculture sector by 28.1% as compared to the revised FY20 estimates. Allocations to Rural development and transportation have gone up 1% and 7.2%, respectively. If all these factors translate into higher rural demand, some FMCG companies will gain an edge over others.

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