Hike service

TMSEP221: Service Price, FMCG Rework, Reliance Industries, Withdrawal Rally

Surprise has almost become an inherent part of our bill payments. Usually, there is a marked difference between the fees we are promised at the beginning and what we pay at the end of the service, whether we are dining out, booking a plane ticket or buying a movie ticket online. We ask whether regulatory intervention is necessary to ensure price transparency.

Like the restaurant industry, the FMCG sector has also gone through a difficult phase over the past couple of years. High input costs and a drop in demand – especially in rural areas – have forced the consumer goods sector to bite the bullet. It passed on higher prices to consumers and reduced the grammage per pack. But, after falling prices for palm oil and some other commodities, are things now looking up for the sector?

Things also seem to be improving for the stock markets. Nifty closed above 16,600 on Thursday while Sensex gained 284 points. Meanwhile, Reliance Industries stocks appear to be at a crossroads. On the one hand, the government reduced the exceptional tax on fuel exports. On the other hand, Singapore’s refining gross margins have fallen from a peak of $30 a barrel to around $4 a barrel. That, analysts fear, could evaporate the conglomerate’s “abnormal” earnings in Q1FY23. Immerse yourself in the road ahead for RIL.

Markets tend to see bounces or reversals, after witnessing sharp one-sided moves. This episode of the podcast will help you understand the three key metrics to identify a pullback and how can you use it and for short and long term gains.

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