FMCG Sector

Hamdard intends to become Rs 500 crore company by 2010-11

Hamdard intends to become Rs 500 crore company by 2010-11India's leading Health & Wellness Company Hamdard is aiming to increase its product portfolio as the company targets to become a Rs 500-crore company by 2010-11.

The company, which produces brands like Rooh Afja, Rogan Badam and Safi, has around 600 formulations in the market under the three segments of OTC, consumer and traditional.

Medium Term Buy Call – ITC Limited at 186

ITC Limited

Company is the largest manufacturer of cigarettes in India. It is a member of BAT Group of UK. ITC is rated among the World's Best Big Companies, Asia's 'Fab 50' and the World's Most Reputable Companies by Forbes magazine, among India's Most Respected Companies by BusinessWorld and among India's Most Valuable Companies by Business Today. ITC ranks among India's "10 Most Valuable (Company) Brands", in a study conducted by Brand Finance and published by the Economic Times. ITC also ranks among Asia's 50 best performing companies compiled by Business Week.

Products & services-

Long Term Buy Call – Nestle India Limited at current levels

Nestle India LimitedIncorporated in 1959 as Food Specialties

Indian Stock Pick – Marico Limited, Buy at Rs 61

maricoMarico (MARICO), incorporated on Oct.

Goodricke Group to venture into ready-to-drink tea segment

Goodricke Group to venture into ready-to-drink tea segment One of India's foremost tea sector firms, the Goodricke Group Ltd is planning to venture into the value-added segment of ready-to-drink teas, by the end of this year. As a result, over a period of three years, the company's current six million kg sale of tea through packets will likely increase to ten million kg.

Wadia group buying Danone’s stake to get complete control over Britannia

Wadia GroupAfter finalizing a $200 million buyout transaction with French bigwig Groupe Danone - for its equal stake in biscuit major Britannia – the Wadia group will get complete control over Britannia Industries. Danone will sell its complete 25.48 percent stake to Leila Lands, a Wadia group firm which indirectly holds a similar stake in the biscuit company.

The takeover of the biscuit joint venture company, Britannia Industries, by Wadia will bring to an end the rancorous three-year scuffle between Wadia group and Danone, as the deal will mark the complete exit of the French foods’ company.

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