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PSU scrips MMTC, IRFC post strong rally PSU stocks were in the limelight in Monday’s trade as MMTC and IRFC were up by more than 19 per cent. Apart from IRFC, other railway stocks were also up including RVNL up by 11 per cent, IRCON up by 7 per cent. PSU metal stocks were also on fire with Nalco up 6 per cent, SAIL up more than 5 per cent and NMDC up 5 per cent. Coal India was the big gainer in the Nifty, up by more than 4 per cent. Except FMCG all sectors gave positive return with IT, PSU banks and metals rallyin...
PSU scrips MMTC, IRFC post strong rally
PSU scrips MMTC, IRFC post strong rally
Source: IANS
5/09/2023 9:26:13 AM
Poor monsoon becoming major worry for Indian markets The poor monsoon is becoming a major worry and unless the rains revive soon, the economy and markets will come under a cloud, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The declining bond yields in the US has turned the global market construct favourable for equities. But this is unlikely to create a highly favourable environment in the Indian market since the poor monsoon is becoming a major worry, he said. It is important to remember that the RBI&...
Poor monsoon becoming major worry for Indian markets
Poor monsoon becoming major worry for Indian markets
Source: Accord Fintech
31/08/2023 12:58:34 PM
India`s rural demand vulnerable owing to higher food inflation, lower income: CareEdge Ratings CareEdge Ratings in its latest report has said the India’s rural demand is vulnerable and could be further impacted by the ‘dual blows’ of lower income and high food inflation owing to an erratic monsoon. It stated the upcoming festivities may lead to a rise in consumption demand but such an increase will depend on the extent of the skewed monsoon impact. It mentioned monsoon has been deficient so far and there is no certainty if the situation will improve. Consumption, i...
India`s rural demand vulnerable owing to higher food inflation, lower income: CareEdge Ratings
India`s rural demand vulnerable owing to higher food inflation, lower income: CareEdge Ratings
Source: Accord Fintech
31/08/2023 11:34:15 AM
Larsen & Toubro rises on incorporating Joint Venture Company Larsen & Toubro is currently trading at Rs. 2678.35, up by 38.90 points or 1.47% from its previous closing of Rs. 2639.45 on the BSE. The scrip opened at Rs. 2654.00 and has touched a high and low of Rs. 2682.00 and Rs. 2654.00 respectively. So far 31764 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2767.00 on 24-Aug-2023 and a 52 week low of Rs. 1798.00 on 29-Sep-2022. Last one week high and low of the sc...
Larsen & Toubro rises on incorporating Joint Venture Company
Larsen & Toubro rises on incorporating Joint Venture Company
Source: Accord Fintech
28/08/2023 12:10:47 PM
Elpro International gains on acquiring additional stake in BSE Elpro International is currently trading at Rs. 69.45, up by 0.39 points or 0.56% from its previous closing of Rs. 69.06 on the BSE. The scrip opened at Rs. 69.79 and has touched a high and low of Rs. 69.79 and Rs. 67.25 respectively. So far 32494 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 86.25 on 08-Sep-2022 and a 52 week low of Rs. 53.00 on 27-Mar-2023. Last one week high and low of the scrip stood at Rs...
Elpro International gains on acquiring additional stake in BSE
Elpro International gains on acquiring additional stake in BSE
Source: Accord Fintech
25/08/2023 4:03:56 PM
Astra Microwave Products zooms on bagging orders worth Rs 158 crore Astra Microwave Products is currently trading at Rs. 391.00, up by 21.00 points or 5.68% from its previous closing of Rs. 370.00 on the BSE. The scrip opened at Rs. 388.05 and has touched a high and low of Rs. 398.60 and Rs. 377.65 respectively. So far 162821 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 398.60 on 25-Jun-2023 and a 52 week low of Rs. 213.15 on 28-Mar-2023. Last one week high and low of the scr...
Astra Microwave Products zooms on bagging orders worth Rs 158 crore
Astra Microwave Products zooms on bagging orders worth Rs 158 crore
Source: Accord Fintech
25/08/2023 11:21:43 AM
BREAKING NEWS : Mentha oil prices rose 18% in 18 days amid lower production estimates. Mentha oil has surged 18% in just 18 days, hitting a 4-month peak due to reduced production projections. Anticipated robust winter demand from FMCG industries and consistent export inquiries, backed by a resilient economy, will further bolster its prices. Additionally, the export market could benefit from rupee depreciation. These factors collectively shape a promising outlook for mentha oil's market trajectory.   The years 2022–23 witnessed a significant decline in the p...
BREAKING NEWS : Mentha oil prices rose 18% in 18 days amid lower production estimates.
BREAKING NEWS : Mentha oil prices rose 18% in 18 days amid lower production estimates.
Source: PR Agency
21/08/2023 2:50:51 PM
Analyst firms raise ITC share's target price to Rs 525 following robust Q1 results and approval of hotel business demerger   After a robust performance in Q1 of FY24 and the approval of the demerger of the hotels business by ITC, analyst firms have provided an optimistic and positive outlook. The conglomerate's strong results and steadily improving growth prospects across all its business divisions augur well for sustained stock outperformance. Notably, analyst firm Nomura has revised the target price upward to Rs 525 from the previous Rs 485, reflecting confidence in ITC's trajectory. Accor...
Analyst firms raise ITC share's target price to Rs 525 following robust Q1 results and approval of hotel business demerger
Analyst firms raise ITC share's target price to Rs 525 following robust Q1 results and approval of hotel business demerger
Source: IANS
17/08/2023 4:35:27 PM
Elpro International inches up on acquiring stake in Fairchem Organics Elpro International is currently trading at Rs. 65.00, up by 0.02 points or 0.03% from its previous closing of Rs. 64.98 on the BSE. The scrip opened at Rs. 64.68 and has touched a high and low of Rs. 65.92 and Rs. 64.68 respectively. So far 8588 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 86.25 on 08-Sep-2022 and a 52 week low of Rs. 53.00 on 27-Mar-2023. Last one week high and low of the scrip stood at Rs....
Elpro International inches up on acquiring stake in Fairchem Organics
Elpro International inches up on acquiring stake in Fairchem Organics
Source: Accord Fintech
16/08/2023 12:13:19 PM
ITC gross revenue (ex-Agri Business) up 10.6% YoY; PBT at Rs. 6,546 crores, up 18.2% YoY Amidst a challenging operating environment and high base effect in some of its operating segments, ITC sustained its strong growth momentum during the quarter driven by focus on customer centricity, accelerated digital adoption, execution excellence and agility. Gross Revenue stood at Rs. 16,843 crores representing a de-growth of 7.3% YoY (ex-Agri Business: up 10.6%) while PBT at Rs. 6,546 crores grew by 18.2% YoY. PAT grew by 17.6% YoY to Rs. 4,903 crores. Earnings Per Share for the quart...
ITC gross revenue (ex-Agri Business) up 10.6% YoY; PBT at Rs. 6,546 crores, up 18.2% YoY
ITC gross revenue (ex-Agri Business) up 10.6% YoY; PBT at Rs. 6,546 crores, up 18.2% YoY
Source: IANS
15/08/2023 8:59:49 AM
Emami trades higher on subscribing additional stake in Brillare Science Emami is currently trading at Rs. 517.50, up by 3.75 points or 0.73% from its previous closing of Rs. 513.75 on the BSE. The scrip opened at Rs. 504.35 and has touched a high and low of Rs. 521.00 and Rs. 504.35 respectively. So far 11176 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 524.95 on 26-Sep-2022 and a 52 week low of Rs. 340.95 on 20-Mar-2023. Last one week high and low of the scrip stood at Rs. 521.0...
Emami trades higher on subscribing additional stake in Brillare Science
Emami trades higher on subscribing additional stake in Brillare Science
Source: Accord Fintech
11/08/2023 12:30:55 PM
Buy Emami Ltd For Target Rs. 590- Centrum Broking Ltd Emami’s Q1FY24 print was mixed to our estimates; consolidated revenue/EBITDA/APAT grew 6.8%/ 9.6%/23.4% YoY. Domestic value/volume grew at 7.0%/3.0%, yet international business saw 8.0% growth (~11% CC). Management alluded slower growth to, (1) despite early summer, unseasonal rains in May cut sales of summer products - declined 5%, (2) domestic non-summer portfolio grew 16%, (3) softer demand in rural impacted value-add hair oils, and (4) robust growth in MT/e-com channel at 45%/47% (1...
Buy Emami Ltd For Target Rs. 590- Centrum Broking Ltd
Buy Emami Ltd For Target Rs. 590- Centrum Broking Ltd
Source: Centrum Broking Ltd
10/08/2023 4:09:11 PM
Emami surges on reporting 88% rise in Q1 consolidated net profi Emami is currently trading at Rs. 469.80, up by 8.05 points or 1.74% from its previous closing of Rs. 461.75 on the BSE. The scrip opened at Rs. 463.75 and has touched a high and low of Rs. 471.90 and Rs. 463.10 respectively. So far 38760 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 524.95 on 26-Sep-2022 and a 52 week low of Rs. 340.95 on 20-Mar-2023. Last one week high and low of the scrip stood at Rs. 471.9...
Emami surges on reporting 88% rise in Q1 consolidated net profi
Emami surges on reporting 88% rise in Q1 consolidated net profi
Source: Accord Fintech
8/08/2023 12:15:24 PM
Mumbai-based FMCG firm Onest Limited files DRHP for IPO Mumbai-based Onest Ltd is primarily engaged in the Fast Moving Consumer Goods (FMCG) market with a range of home care and personal care products, food products and household products catering to B2B2C and B2B customers has filed its Draft Red Herring prospectus (DRHP) with capital market regulator Sebi to raise funds through for its initial public offering (IPO). The IPO with a face value of Rs 10 comprises of a fresh issue of Rs 77 crore and an offer for sale (OFS) of up to 3.25 mill...
Mumbai-based FMCG firm Onest Limited files DRHP for IPO
Mumbai-based FMCG firm Onest Limited files DRHP for IPO
Source: PR Agency
31/07/2023 8:00:25 PM
Is 40% stake in ITC Hotels Ltd a downer or a boost for ITC scrip? For a long time, the hiving off the ITC Ltd hotels division into a separate entity has been touted about. Analysts were also in favour of this as it would give ITC the capital that could be invested in business giving faster returns than the hotels which is capex intensive and payback happens later. However, when the hiving off was announced, the markets reacted negatively and the ITC’s scrip went down. From July 19, onwards, the ITC scrip was up from Rs 478.85 (closing price) ...
Is 40% stake in ITC Hotels Ltd a downer or a boost for ITC scrip?
Is 40% stake in ITC Hotels Ltd a downer or a boost for ITC scrip?
Source: IANS
30/07/2023 12:50:35 PM
Analyst firms bullish on ITC, revises target price to Rs 565, citing strong long-term upside potential Post the ITC demerger announcement, despite the immediate drop in share price several analyst firms have maintained a positive outlook on the company due to the unlocking of value, sharper capital allocation and huge potential for the company's diverse businesses. Broking and investment firm JM Financial has maintained a positive sentiment on ITC with a price target of Rs 565 as it foresees huge potential in the FMCG businesses of the company which will get unlocked in the years to com...
Analyst firms bullish on ITC, revises target price to Rs 565, citing strong long-term upside potential
Analyst firms bullish on ITC, revises target price to Rs 565, citing strong long-term upside potential
Source: IANS
27/07/2023 12:28:58 PM
Corporate earnings season starts on weak note Corporate earnings season started on a weak note -- Nifty-50 (ex-financial & commodity) operating earnings grew by 11 per cent YoY, 3 per cent behind our expectations, Antique Stock Broking said in a research. The miss in terms of operating earnings was largely driven by IT services, cement, and FMCG. Overall, the domestic demand momentum continues in banks, cement, and real estate; while FMCG was a laggard. Broadly, we continue to believe that the market appears to be capped in the...
Corporate earnings season starts on weak note
Corporate earnings season starts on weak note
Source: IANS
25/07/2023 2:03:34 PM
Unilever`s India arm falls after costs hit quarterly profit Shares of consumer goods major Hindustan Unilever fell as much as 2.4% on Friday after reporting a smaller-than-expected increase in June-quarter profit, hurt by higher costs and tepid demand for branded tea. "There has been a perceptible pick-up in competitive intensity across some categories, especially at the mass end, as inflation cooled-off," analysts at Jefferies wrote in a note. HUL was hit by the competition from local and regional players which re-entered the market, ...
Unilever`s India arm falls after costs hit quarterly profit
Unilever`s India arm falls after costs hit quarterly profit
Source: Reuters
21/07/2023 10:12:51 AM
Nifty likely to cross 20K-mark on Friday Domestic equities are a breath away from the psychological levels of 20,000. Nifty opened flat on Thursday, but soon gained momentum to close with handsome gains of 146 points at 19,979 levels, said Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services. All sectors ended in the green, except IT and consumer durables. BFSI, FMCG and pharma were the top gainers, up 1 pert cent each. On the backdrop of consistent FIIs buying (Rs 16,300 crore month till date), sound...
Nifty likely to cross 20K-mark on Friday
Nifty likely to cross 20K-mark on Friday
Source: IANS
20/07/2023 5:45:30 PM
RDB Rasayans trades jubilantly on proposing expansion project of Flexible Intermediate Bulk Container at Odisha RDB Rasayans is currently trading at Rs. 114.25, up by 9.35 points or 8.91% from its previous closing of Rs. 104.90 on the BSE. The scrip opened at Rs. 106.90 and has touched a high and low of Rs. 118.70 and Rs. 106.00 respectively. So far 66700 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 119.35 on 06-Sep-2022 and a 52 week low of Rs. 67.60 on 28-Mar-2023. Last one week high and low of the scrip stood at Rs...
RDB Rasayans trades jubilantly on proposing expansion project of Flexible Intermediate Bulk Container at Odisha
RDB Rasayans trades jubilantly on proposing expansion project of Flexible Intermediate Bulk Container at Odisha
Source: Accord Fintech
19/07/2023 3:44:14 PM
Swiggy acquires retail distribution company Lynk to enter retail market Online food delivery platform Swiggy on Thursday said it has acquired retail distribution company Lynk Logistics Limited for an undisclosed sum to enter the massive retail market. Lynk will continue to operate as an independent business post the acquisition led by Co-founder and CEO, Shekhar Bhende, Swiggy said in a statement. The acquisition will help Swiggy’s entry into the huge retail market with a technology-led distribution platform. Founded in 2015 by Abinav Raja and Bhen...
Swiggy acquires retail distribution company Lynk to enter retail market
Swiggy acquires retail distribution company Lynk to enter retail market
Source: IANS
13/07/2023 3:36:18 PM
Service Care coming with an IPO to raise upto Rs 20.68 crore Service Care Service Care is coming out with a 100% book building; initial public offering (IPO) of 30,86,000 shares of Rs 10 each in a price band Rs 63 -67 per equity share. The issue will open for subscription on July 14, 2023 and will close on July 18, 2023. The shares will be listed on NSE Emerge. The face value of the share is Rs 10 and is priced 6.30 times of its face value on the lower side and 6.70 times on the higher side. Book running lead manager to the issue is Swast...
Service Care coming with an IPO to raise upto Rs 20.68 crore
Service Care coming with an IPO to raise upto Rs 20.68 crore
Source: Accord Fintech
11/07/2023 4:50:54 PM
Cyient DLM lists with 51.32% premium on the BSE Cyient DLM has debuted at Rs 401.00 on the BSE, up by 136 points or 51.32% from its issue price of Rs 265. The scrip is currently trading at Rs 411.55, up by 146.55 points or 55.30% from its issue price. It has touched a high and low of Rs 424.40 and Rs 401.00 respectively. So far 7.74 lakh shares were traded on the counter. The offering, which was open for subscription between June 27, 2023 and June 30, 2023 was subscribed 71.35 times. The issue price was fixed at Rs 265 per share i.e....
Cyient DLM lists with 51.32% premium on the BSE
Cyient DLM lists with 51.32% premium on the BSE
Source: Accord Fintech
10/07/2023 11:17:36 AM
Markets succumb to profit booking at higher levels Weak global cues and profit booking in domestic equities dragged the key indices down on Friday. Nifty opened lower and remained in negative territory throughout the session to close near the day’s low with a loss of 166 points (-0.8 per cent) at 19,332 levels. Siddhartha Khemka, Head-Retail Research, Motilal Oswal Financial Services, said the broader market too ended in red with the Nifty mid-cap 100 down by 0.8 per cent while the Nifty small-cap 100 was down 0.4 per cent. Except...
Markets succumb to profit booking at higher levels
Markets succumb to profit booking at higher levels
Source: IANS
7/07/2023 5:49:52 PM
FMCG sector to witness 7-9% rise in revenue in FY24: Crisil Crisil Ratings has said revenue of the fast-moving consumer goods (FMCG) sector is expected to grow 7-9 per cent in current financial year (FY24), a tad slower than the 8-9 registered in the past two fiscals. It stated higher volume is expected to drive revenue growth, amid support from a gradual recovery in rural demand. On the other hand, it said urban demand will see stable growth on a higher base. Further, it said demand from the rural segment began to recover in the last quarter of fi...
FMCG sector to witness 7-9% rise in revenue in FY24: Crisil
FMCG sector to witness 7-9% rise in revenue in FY24: Crisil
Source: Accord Fintech
6/07/2023 10:10:07 AM
Add Hindustan Unilever Ltd For Target Rs.2,800 - ICICI Securities Hasta la vista, Sanjiv. Adios with a flourish! Sanjiv Mehta as MD & CEO of HUL over 2013-2023 delivered impressive CAGR of 20% in TSR and 13% in EBITDA. HUL stock's P/E rerated to ~50x from ~25-30x (highest rerating in sector). Key achievements include (1) implementation of ‘winning in many Indias’ (WIMI) strategy, (2) hyper focus on category creation, (3) premiumisation (10ppt improvement to 33% of revenues), (4) creating bigger brands (19 brands with >Rs10bn rev...
Add Hindustan Unilever Ltd For Target Rs.2,800 - ICICI Securities
Add Hindustan Unilever Ltd For Target Rs.2,800 - ICICI Securities
Source: ICICI Securities Ltd
29/06/2023 10:17:05 AM
ITC moves up on acquiring preference shares in Mother Sparsh ITC is currently trading at Rs. 447.85, up by 2.70 points or 0.61% from its previous closing of Rs. 445.15 on the BSE. The scrip opened at Rs. 444.05 and has touched a high and low of Rs. 450.40 and Rs. 444.05 respectively. So far 179703 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 455.90 on 19-Jun-2023 and a 52 week low of Rs. 268.95 on 28-Jun-2022. Last one week high and low of the scrip stood at Rs. 451.45...
ITC moves up on acquiring preference shares in Mother Sparsh
ITC moves up on acquiring preference shares in Mother Sparsh
Source: Accord Fintech
28/06/2023 12:30:15 PM
Sparc Electrex touches roof on enters into trademark license agreement with Hyundai Corporation Holdings Sparc Electrex is currently trading at upper limit of Rs. 28.32, up by 1.34 points or 4.97% from its previous closing of Rs. 26.98 on the BSE. The scrip opened at Rs. 28.32 and has touched a high and low of Rs. 28.32 and Rs. 28.00 respectively. So far 28307 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 42.41 on 18-Aug-2022 and a 52 week low of Rs. 15.65 on 23-Dec-2022. Last one week high and low of the scrip ...
Sparc Electrex touches roof on enters into trademark license agreement with Hyundai Corporation Holdings
Sparc Electrex touches roof on enters into trademark license agreement with Hyundai Corporation Holdings
Source: Accord Fintech
27/06/2023 2:05:32 PM
Reliance Consumer Products expands its FMCG brand `INDEPENDENCE` to North India Reliance Consumer Products Limited (RCPL), the FMCG arm and wholly owned subsidiary of Reliance Retail Ventures Limited (RRVL), today announced the expansion of its indigenous made-for-India consumer packaged goods brand ‘INDEPENDENCE’ to North India.   With the aim of providing truly Indian solutions for real Indian problems, ‘INDEPENDENCE’ offers a wide range of products including edible oils, grains, pulses, packaged foods and other items for daily needs....
Reliance Consumer Products expands its FMCG brand `INDEPENDENCE` to North India
Reliance Consumer Products expands its FMCG brand `INDEPENDENCE` to North India
Source: PR Agency
21/06/2023 5:23:28 PM
Vivanta Industries jumps on bagging order worth Rs 9.25 crore Vivanta Industries is currently trading at Rs. 7.15, up by 0.12 points or 1.71% from its previous closing of Rs. 7.03 on the BSE. The scrip opened at Rs. 6.75 and has touched a high and low of Rs. 7.38 and Rs. 6.70 respectively. So far 731402 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 8.66 on 11-May-2023 and a 52 week low of Rs. 1.22 on 05-Jul-2022. Last one week high and low of the scrip stood at Rs. 7.38...
Vivanta Industries jumps on bagging order worth Rs 9.25 crore
Vivanta Industries jumps on bagging order worth Rs 9.25 crore
Source: Accord Fintech
21/06/2023 3:42:40 PM
Domestic-focused sectors push up market; IT, commodities pull it down Domestic and private consumption oriented business sectors are driving up the Indian stock markets, which are nearing their high points, experts said. The market indices -- NSE Nifty and BSE Sensex -- are nearing their 52-week high points. The Nifty on Friday opened at 18,723.30 and touched a high of 18,864.70 points. The 52-week high point is 18,887.60. Similarly, the Sensex opened at 62,960.73, touched a high of 63,520.36 and closed at 62,917.63 points. The 52-week highest level is...
Domestic-focused sectors push up market; IT, commodities pull it down
Domestic-focused sectors push up market; IT, commodities pull it down
Source: IANS
18/06/2023 3:16:41 PM
Rotation of heavyweight sectors help maintain market balance Markets have many sectors and they move in a pack with the constituents moving up or down differently at different times. FMCG, Capital Goods, Banking or the BFSI space, Pharmaceuticals, IT and tech space, Automobiles which include two-wheelers, passenger cars, HCVs and also auto ancillaries, and petrochemicals and refineries are some of the names of these sectors. Within the sector, there are the leaders and the laggards which would be different from time to time. The leaders would typ...
Rotation of heavyweight sectors help maintain market balance
Rotation of heavyweight sectors help maintain market balance
Source: IANS
18/06/2023 2:34:25 PM
Emami zooms on investing Rs 4.50 crore in Cannis Emami is currently trading at Rs. 398.75, up by 17.50 points or 4.59% from its previous closing of Rs. 381.25 on the BSE. The scrip opened at Rs. 386.95 and has touched a high and low of Rs. 403.00 and Rs. 384.05 respectively. So far 16088 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 524.95 on 26-Sep-2022 and a 52 week low of Rs. 340.95 on 20-Mar-2023. Last one week high and low of the scrip stood at Rs. 403....
Emami zooms on investing Rs 4.50 crore in Cannis
Emami zooms on investing Rs 4.50 crore in Cannis
Source: Accord Fintech
16/06/2023 3:31:33 PM
Future Consumer trades higher on the BSE Future Consumer is currently trading at Rs. 0.99, up by 0.01 points or 1.02% from its previous closing of Rs. 0.98 on the BSE. The scrip opened at Rs. 0.97 and has touched a high and low of Rs. 0.99 and Rs. 0.95 respectively. So far 1602435 shares were traded on the counter. The BSE group 'T' stock of face value Rs. 6 has touched a 52 week high of Rs. 2.53 on 15-Jun-2022 and a 52 week low of Rs. 0.49 on 03-Apr-2023. Last one week high and low of the scrip stood at Rs. 1.02 an...
Future Consumer trades higher on the BSE
Future Consumer trades higher on the BSE
Source: Accord Fintech
14/06/2023 3:47:15 PM
Buy Hindustan Unilever Ltd For Target Rs 3,100 - Motilal Oswal Financial Services We present key points from Hindustan Unilever’s (HUVR) FY23 Annual Report: * Gaining market share: HUVR now has 19 brands with over INR10b in annual sales (vs. 16 brands last year). In FY23, its growth significantly beat the market, leading to strong market share gains. * Digital transformation: HUVR is moving from the traditional linear value chain to an ecosystem across consumer, customer, and operations, with the help of data, technology and analytics. About 30% of its digital ...
Buy Hindustan Unilever Ltd For Target Rs 3,100 - Motilal Oswal Financial Services
Buy Hindustan Unilever Ltd For Target Rs 3,100 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
14/06/2023 1:20:37 PM
Sonalis Consumer Products coming with an IPO to raise Rs 2.83 crore Sonalis Consumer Products    Sonalis Consumer Products is coming out with an initial public offering (IPO) of 9,44,000 equity shares of face value of Rs 10 each for cash at a fixed price of Rs 30 per equity share. The issue will open for subscription on June 7, 2023 and will close on June 9, 2023. The shares will be listed on SME Platform of BSE. The share is priced 3.0 times higher to its face value of Rs 10. Book running lead manager to the issue is Expert Global ...
Sonalis Consumer Products coming with an IPO to raise Rs 2.83 crore
Sonalis Consumer Products coming with an IPO to raise Rs 2.83 crore
Source: Accord Fintech
6/06/2023 1:00:42 PM
Buy Emami Ltd For Target Rs.460 - Motilal Oswal Financial Services Ltd Margin outlook improving; rural recovery essential * HMN reported better-than-expected sales in 4QFY23 (up 8.8% YoY). The overall domestic volumes grew ~2%, while organic business volumes continued to decline, affected by persistent weakness in rural and summer portfolio due to excessive unseasonal rainfall in some parts of the country. * The management has guided for a ~200-250bp expansion in gross margin going ahead and expects A&P spends to be ~17% of sales. It is also encouragin...
Buy Emami Ltd For Target Rs.460 - Motilal Oswal Financial Services Ltd
Buy Emami Ltd For Target Rs.460 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
30/05/2023 2:57:29 PM
Adani Wilmar rises on entering into whole wheat category with Fortune brand Adani Wilmar is currently trading at Rs. 451.30, up by 0.95 points or 0.21% from its previous closing of Rs. 450.35 on the BSE. The scrip opened at Rs. 455.05 and has touched a high and low of Rs. 457.85 and Rs. 450.00 respectively. So far 55625 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 841.90 on 23-Sep-2022 and a 52 week low of Rs. 327.00 on 28-Feb-2023. Last one week high and low of the scrip stood at Rs...
Adani Wilmar rises on entering into whole wheat category with Fortune brand
Adani Wilmar rises on entering into whole wheat category with Fortune brand
Source: Accord Fintech
29/05/2023 11:36:32 AM
Reliance Industries gains as its arm inks pact with General Mills Reliance Industries is currently trading at Rs. 2521.25, up by 14.70 points or 0.59% from its previous closing of Rs. 2506.55 on the BSE. The scrip opened at Rs. 2519.00 and has touched a high and low of Rs. 2530.00 and Rs. 2506.95 respectively. So far 99462 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2816.35 on 03-Jun-2022 and a 52 week low of Rs. 2180.00 on 20-Mar-2023. Last one week high and low of the s...
Reliance Industries gains as its arm inks pact with General Mills
Reliance Industries gains as its arm inks pact with General Mills
Source: Accord Fintech
29/05/2023 11:01:00 AM
Reliance Retail generates net new employment for 2,500 people  Reliance Retail generated net new employment for 2,500 people from January 2023 alone. As per market sources, 567 people resigned on performance grounds and serving notice-period post April 2023. Drumming up 567 performance-based exits which is less than 0.14 per cent) on a huge base of 400,000 plus is naive and alarmist, market sources said. Churn in all organised retail companies in India is 30-40 per cent annually. Separation is part of the normal course and is performance-r...
Reliance Retail generates net new employment for 2,500 people
Reliance Retail generates net new employment for 2,500 people
Source: IANS
25/05/2023 2:02:28 PM
Neutral ITC Ltd For Target Rs. 451 - Religare Broking Ltd Revenue was a mixed bag: ITC posted mixed gross revenue growth for Q4FY23 wherein QoQ remained flat as its largest earning segment; cigarettes revenue saw flattish growth while improvement was seen in FMCG, Hotels and FMCG business. However, as compared to last year gross revenue improved by 7.3% YoY to Rs 19,058cr led by improvement in demand and sales for its FMCG products, hotels and Cigarettes while agri and paperboards business was muted. For FY23, gross revenue reported at Rs 76,518cr, ...
Neutral ITC Ltd For Target Rs. 451 - Religare Broking Ltd
Neutral ITC Ltd For Target Rs. 451 - Religare Broking Ltd
Source: Religare Broking Ltd
21/05/2023 11:36:21 AM
Delhivery makes key investment in omnichannel retail software provider Vinculum Fully-integrated logistics services provider Delhivery on Saturday announced to make a strategic investment in Vinculum, a global software leader enabling omnichannel retailing, for an undisclosed sum to boost its direct-to-consumer offerings. The investment, said the company, is the first part of a potential two-stage deal that provides Delhivery the option to further increase its shareholding in the company after six months. "A strategic partnership with Vinculum strengthens Delh...
Delhivery makes key investment in omnichannel retail software provider Vinculum
Delhivery makes key investment in omnichannel retail software provider Vinculum
Source: IANS
20/05/2023 4:52:39 PM
Neutral ITC Ltd Target Rs. 451 - Religare Broking Revenue was a mixed bag: ITC posted mixed gross revenue growth for Q4FY23 wherein QoQ remained flat as its largest earning segment; cigarettes revenue saw flattish growth while improvement was seen in FMCG, Hotels and FMCG business. However, as compared to last year gross revenue improved by 7.3% YoY to Rs 19,058cr led by improvement in demand and sales for its FMCG products, hotels and Cigarettes while agri and paperboards business was muted. For FY23, gross revenue reported at Rs 76,518cr, ...
Neutral ITC Ltd Target Rs. 451 - Religare Broking
Neutral ITC Ltd Target Rs. 451 - Religare Broking
Source: Religare Broking Ltd
20/05/2023 12:05:15 PM
Colgate-Palmolive (India) zooms despite reporting marginal fall in Q4 net profit Colgate-Palmolive (India) is currently trading at Rs. 1692.65, up by 66.35 points or 4.08% from its previous closing of Rs. 1626.30 on the BSE. The scrip opened at Rs. 1600.10 and has touched a high and low of Rs. 1713.00 and Rs. 1600.10 respectively. So far 30594 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1713.00 on 15-May -2022 and a 52 week low of Rs. 1434.60 on 30-Jan-2023. Last one week high and low of...
Colgate-Palmolive (India) zooms despite reporting marginal fall in Q4 net profit
Colgate-Palmolive (India) zooms despite reporting marginal fall in Q4 net profit
Source: Accord Fintech
15/05/2023 11:47:27 AM
Moonshot Distribution Systems expected to reach 250 crores in ARR by the end of FY23 Moonshot, an Omni-channel DaaS (Distribution as a Service) platform offering emerging, regional, and established D2C brands access to general trade, modern trade, e-commerce and quick commerce via its tech-enabled plug & play solution and distribution network, plans to touch 250 crores in ARR by the end of FY23 with all its partner brands on board across various sub-categories in the FMCG space. The company aims to help each of its onboarded partner brands to grow by 5x. Moonshot offer...
Moonshot Distribution Systems expected to reach 250 crores in ARR by the end of FY23
Moonshot Distribution Systems expected to reach 250 crores in ARR by the end of FY23
Source: PR Agency
11/05/2023 5:00:46 PM
Buy Hindustan Unilever Ltd For Target Rs. 2790 - JM Financial Institutional Securities We reckon HUL’s stock could be under some bit of a pressure on the back of its Mar-Q performance and management’s commentaries thereto. Growth was weaker than we anticipated and as was margin, and management’s remark that there could be a lag between price-growth winding down and volume-growth picking up makes the near-term outlook a little more uncertain. Given its on-ground execution capabilities, we believe the business could successfully navigate this phase as well with ...
Buy Hindustan Unilever Ltd For Target Rs. 2790 - JM Financial Institutional Securities
Buy Hindustan Unilever Ltd For Target Rs. 2790 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
6/05/2023 11:59:10 AM
India's Britannia Q4 profit jumps nearly 50% on strong demand BENGALURU- Indian bread and biscuits maker Britannia Industries Ltd on Friday reported a bigger-than-expected 47% jump in quarterly profit as strong demand and past price hikes helped expand margins. Consumer goods companies globally hiked prices of products or reduced quantities to offset cost inflation and protect their earnings margins. Britannia, which sells the Marie Gold and Good Day brand of biscuits, reported a consolidated net profit of 5.59 billion rupees ($68.43 million) in t...
India's Britannia Q4 profit jumps nearly 50% on strong demand
India's Britannia Q4 profit jumps nearly 50% on strong demand
Source: Reuters
5/05/2023 6:51:22 PM
Jyothy Labs Ltd Q4 FY23 Results CONSOLIDATED RESULTS FOR THE QUARTER ENDEDMARCH 31, 2023 CONSISTENT GROWTH WITH FOCUS ON EXECUTION TO BUILD SCALE Mumbai: Jyothy Labs Limited, one of the leading Indian FMCG companies announced today its financial results for the quarter ended March 31, 2023. The Company delivered sales of Rs 617crores, increase of 12.8% growth against the same period last year.  We have focused on top line growth and the Company continues to deliver healthy performance across all categories and...
Jyothy Labs Ltd Q4 FY23 Results
Jyothy Labs Ltd Q4 FY23 Results
Source: PR Agency
3/05/2023 3:27:27 PM