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HUL to Relaxo Footwears: Analysts upbeat on consumption-related stocks

Caught in the midst of a lack-of-need-driven slowdown, use stocks have experienced a bumpy experience thus considerably in calendar year 2020 (CY2020). In the operate-up to the Union Spending budget for 2020-21, stocks this kind of as Avenue Supermarts, Bharti Airtel, Crompton Greaves Buyer Electricals, Relaxo Footwears, Dabur, and Hindustan Unilever (HUL) rallied between 7 and twenty per cent on hopes of a stimulus bundle to spur need.

Having said that, as the Spending budget dashed hopes of any rapid use revival, stocks, which include ITC, Page Industries, Marico, Zee Entertainment, and Britannia Industries corrected up to fourteen per cent

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