NIFTY @ 17620 since Mar 2020 bottom, NIFTY performance. ~10000 points added within 18 months. In the last 20 years, it saw the 7 up waves, the latest one is the steepest In the last 20 years, it saw the 6 down waves. The last fall, was the fastest one, time duration wise (2 months) & the biggest one on the points-wise. (4919 points) but second-biggest on % wise [40%] .
"The fox was running for his dinner, but the rabbit was running for his life." I n 1999, Harsh Mariwala, the Chairman of Marico received a call from Keki Dadiseth, the then Chairman of HLL (Hindustan Lever, now Hindustan Unilever or HUL). HUL, the granddaddy of the Indian FMCG (Fast Moving Consumer Goods) industry had decided to enter the hair oil segment through its brand ‘Nihar’. The segment was dominated by Marico via its brand ‘Parachute’. Flush from its success in dislodging Colgate as the market leader in the oral care segment, HUL wanted to dominate the hair care segment and intended to buy ‘Parachute’, the crown jewel from Marico. “Mr Mariwala, I will give you enough resources to take care of you and all your future generations. But if you do not sell… ". Mr Mariwala’s reply was firm, " Mr Dadiseth, you may think I am a nut but you will find I am a tough nut to crack. Thanks, but no thanks.” HUL has been in existence in the country since