News

Buy Titan Company Ltd For Target Rs.3,850 By Motilal Oswal Financial Services Ltd Demand trends positive; miss on margins * Titan Company (TTAN) posted consolidated sales growth of 16% YoY in 2QFY25 (in line). The pressure on EBITDA margins led to a 7% miss on EBITDA (after adjusting customs duty). Higher interest costs (+71% YoY) and depreciation (+19%) led to only 2% YoY growth in adjusted PAT. * Jewelry sales growth (standalone, excluding bullion) was strong at 26% YoY (+9% in 1QFY25) due to strong demand recovery after customs duty reduction. Buyer grow...
Buy Titan Company Ltd For Target Rs.3,850 By Motilal Oswal Financial Services Ltd
Buy Titan Company Ltd For Target Rs.3,850 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-19 04:48:40 pm
Buy Carysil Ltd For Target Rs. 1,035 by Yes Securities Ltd Result Synopsis CARYSIL Ltd reported decent performance in Q2YFY25 wherein revenue grew by 26.6%YoY to Rs2.07Bn (in-line with our est) which was driven by exports biz (82% of revenue) which grew by 31%YoY. GP margins on a consolidated basis improved from 53%/53.3% in Q2FY24/Q1FY25 to 55.6%, however, operating margins declined by 218bps YoY to 18% due to higher employee & other cost. On standalone basis, revenue increased by 11%YoY, but gross margins declined from 61.4% in Q2FY24 to 58%...
Buy Carysil Ltd For Target Rs. 1,035 by Yes Securities Ltd
Buy Carysil Ltd For Target Rs. 1,035 by Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-19 03:29:33 pm
Buy Titan Company Ltd For Target Rs.3,850 By Motilal Oswal Financial Services Ltd Demand trends positive; miss on margins * Titan Company (TTAN) posted consolidated sales growth of 16% YoY in 2QFY25 (in line). The pressure on EBITDA margins led to a 7% miss on EBITDA (after adjusting customs duty). Higher interest costs (+71% YoY) and depreciation (+19%) led to only 2% YoY growth in adjusted PAT. * Jewelry sales growth (standalone, excluding bullion) was strong at 26% YoY (+9% in 1QFY25) due to strong demand recovery after customs duty reduction. Buyer grow...
Buy Titan Company Ltd For Target Rs.3,850 By Motilal Oswal Financial Services Ltd
Buy Titan Company Ltd For Target Rs.3,850 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-11-19 02:36:21 pm
Godrej Agrovet rises on forming strategic partnership with US-based Provivi Godrej Agrovet is currently trading at Rs. 736.75, up by 6.05 points or 0.83% from its previous closing of Rs. 730.70 on the BSE. The scrip opened at Rs. 745.35 and has touched a high and low of Rs. 745.35 and Rs. 730.00 respectively. So far 2276 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 877.85 on 15-Jul-2024 and a 52 week low of Rs. 475.70 on 04-Jun-2024. Last one week high and low of the scrip stood at ...
Godrej Agrovet rises on forming strategic partnership with US-based Provivi
Godrej Agrovet rises on forming strategic partnership with US-based Provivi
Source: Accord Fintech
2024-11-19 12:42:12 pm
Reduce Britannia Industries Ltd For Target Rs.5,200 By Emkay Global Financial Services We downgrade Britannia to REDUCE from Add, cutting Sep-25E TP to Rs5,200 from Rs6,750 earlier. Britannia's near-term outlook has turned weak, given the double whammy of demand slowdown and inflationary pressures. The inflationary setting ahead is likely to have a bearing on volume and margin delivery. The company is looking at 4-5% price hikes to address the inflationary stress, but as the strategic cover ends, we sense inflationary stress persisting in the business. We cut earnings by 9-...
Reduce Britannia Industries Ltd For Target Rs.5,200 By Emkay Global Financial Services
Reduce Britannia Industries Ltd For Target Rs.5,200 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-11-19 12:34:50 pm
Neutral Hindustan Unilever Ltd For Target Rs.2,845 By Yes Securities Ltd Volume recovering gradually; Pricing turns positive in 2H Hindustan Unilever’s (HUVR) 2QFY25 performance was in-line with our estimate. Underlying Volume Growth (UVG) came in slightly below at 3% (5-year CAGR at ~2.8%) versus our est. of 4%. UVG decline in Soaps and Tea was offset by high-single digit UVG in Fabric Wash & Household Care. Tea category growth was impacted by downgradations while Soaps will take couple of quarters to recover from the recent price actions at the mass...
Neutral Hindustan Unilever Ltd For Target Rs.2,845 By Yes Securities Ltd
Neutral Hindustan Unilever Ltd For Target Rs.2,845 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-06 05:53:04 pm
Buy Hindustan Unilever Ltd For Target Rs.3,200 By Motilal Oswal Financial Services Ltd Miss on volume; core portfolio performs well * Hindustan Unilever’s (HUVR) 2QFY25 revenue was up 2% at INR157.3b (in line), with underlying growth of 3%. Volume growth of 3% was below our estimate of 5% (4% in 1QFY25). Demand trends remained stable, with moderate growth in urban areas and a stable recovery in rural regions. * Home Care maintained high-single-digit volume growth and 8% revenue growth, led by both Fabric Wash and Household Care. Beauty & Wellbeing segment clocke...
Buy Hindustan Unilever Ltd For Target Rs.3,200 By Motilal Oswal Financial Services Ltd
Buy Hindustan Unilever Ltd For Target Rs.3,200 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services ltd
2024-11-04 04:47:55 pm
India`s consumer spending on goods to grow 7 pc in next 5 years India’s consumer spending on goods is worth $1.29 trillion in 2024 and is expected to increase to 7.0 per cent in the next five years, according to a new report.  India’s expansion in electronics has, thus far, followed an assembly-to-component strategy, using tariffs and production-linked incentives to draw investment in the manufacturing of smartphones and other network-connected devices. The sheer scale of sales opportunity in the Indian market has also provided &ldq...
India`s consumer spending on goods to grow 7 pc in next 5 years
India`s consumer spending on goods to grow 7 pc in next 5 years
Source: IANS
2024-11-04 10:44:26 am
Dabur India trades lower on reporting 18% fall in Q2 consolidated net profit Dabur India is currently trading at Rs. 542.00, down by 4.95 points or 0.91% from its previous closing of Rs. 546.95 on the BSE. The scrip opened at Rs. 544.95 and has touched a high and low of Rs. 548.70 and Rs. 532.85 respectively. So far 51293 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 672.00 on 17-Sep-2024 and a 52 week low of Rs. 489.00 on 16-Apr-2024. Last one week high and low of the scrip stood at R...
Dabur India trades lower on reporting 18% fall in Q2 consolidated net profit
Dabur India trades lower on reporting 18% fall in Q2 consolidated net profit
Source: Accord Fintech
2024-10-31 03:12:24 pm
India's Marico beats Q2 profit estimates on price hikes Indian consumer goods maker Marico reported second-quarter profit well above market estimates on Tuesday, propped up by price hikes undertaken to offset higher raw material prices. The company reported a near-20% rise in consolidated net profit to 4.23 billion rupees ($50.3 million) for the three months ended Sept. 30. Analysts were expecting a profit of 3.86 billion rupees, according to data compiled by LSEG. To offset a 25% year-on-year increase in prices of copra, the main raw mat...
India's Marico beats Q2 profit estimates on price hikes
India's Marico beats Q2 profit estimates on price hikes
Source: Reuters
2024-10-29 05:28:09 pm
Diwali Pick 2024 : Buy Jyothy Labs Ltd For Target Rs. 624 By Religare Broking Ltd Innovating products across categories and moving up the ladder Jyothy Labs Ltd is one of India's leading FMCG companies, established in 1983 with the single brand ‘Ujala’. Over the time, it has evolved into a multi-brand company across different categories, expanding into the manufacturing and marketing of products. The company has diversified into categories such as fabric care, dishwashing, household insecticides, and personal care. Some of its leading brands include Ujal...
Diwali Pick 2024 : Buy Jyothy Labs Ltd For Target Rs. 624 By Religare Broking Ltd
Diwali Pick 2024 : Buy Jyothy Labs Ltd For Target Rs. 624 By Religare Broking Ltd
Source: Religare Broking Ltd
2024-10-29 11:38:15 am
Gopal Snacks soars on launching new flavour in snack pellets range Gopal Snacks is currently trading at Rs. 461.00, up by 11.55 points or 2.57% from its previous closing of Rs. 449.45 on the BSE. The scrip opened at Rs. 450.05 and has touched a high and low of Rs. 463.20 and Rs. 446.15 respectively. So far 22086 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 485.00 on 18-Oct-2024 and a 52 week low of Rs. 300.95 on 04-Jun-2024. Last one week high and low of the scrip stood at R...
Gopal Snacks soars on launching new flavour in snack pellets range
Gopal Snacks soars on launching new flavour in snack pellets range
Source: Accord Fintech
2024-10-28 12:53:30 pm
Stock of the day : Godrej Consumer Products Ltd For Target Rs. 1420 - Religare Broking Godrej Consumer Products Ltd * FMCG Space recently is spotted with rebound after a set of healthy corrections and GODREJCP accompanied the same setup. * Stock has witnessed a bounce over its long-term moving averages, i.e., 200 EMA * RSI indicator reads the oversold zones, It is expected that the bounce can extend and retest its immediate resistance, i.e., 100 EMA. * Traders are recommended to participate in the move with positive bias within the said range.    ...
Stock of the day : Godrej Consumer Products Ltd For Target Rs. 1420 - Religare Broking
Stock of the day : Godrej Consumer Products Ltd For Target Rs. 1420 - Religare Broking
Source: Religare Broking
2024-10-16 10:02:45 am
Avenue Supermarts rises on signing transaction documents to acquire 26% stake in FPAEPL Avenue Supermarts is currently trading at Rs. 4550.00, up by 9.55 points or 0.21% from its previous closing of Rs. 4540.45 on the BSE. The scrip opened at Rs. 4545.00 and has touched a high and low of Rs. 4614.35 and Rs. 4485.00 respectively. So far 7504 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5484.00 on 24-Sep-2024 and a 52 week low of Rs. 3618.85 on 25-Oct-2023. Last one week high and low of the scrip...
Avenue Supermarts rises on signing transaction documents to acquire 26% stake in FPAEPL
Avenue Supermarts rises on signing transaction documents to acquire 26% stake in FPAEPL
Source: Accord Fintech
2024-10-08 12:01:22 pm
AvenueSupermarts declines despite reporting 14% rise in standalone revenue in Q2FY25 Avenue Supermarts is currently trading at Rs. 4785.00, down by 155.20 points or 3.14% from its previous closing of Rs. 4940.20 on the BSE. The scrip opened at Rs. 4880.00 and has touched a high and low of Rs. 4880.00 and Rs. 4701.90 respectively. So far 23475 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5484.00 on 24-Sep-2024 and a 52 week low of Rs. 3618.85 on 25-Oct-2023. Last one week high and low of the ...
AvenueSupermarts declines despite reporting 14% rise in standalone revenue in Q2FY25
AvenueSupermarts declines despite reporting 14% rise in standalone revenue in Q2FY25
Source: Accord Fintech
2024-10-04 01:58:18 pm
Stock of the day : Marico Ltd For Target Rs. 755 - Religare Broking Marico Ltd * MARICO has been gradually inching higher after a breakout from a trend continuation pattern. * It has formed a fresh buying pivot from an elevated base which suggests the upward momentum to continue. * The price action and buoyancy in the FMCG space compliments the positive bias. * Traders can consider longs in the mentioned range.   Buy Marico Ltd CMP 709 Range 705-710 SL 685 Target 755   Please r...
Stock of the day : Marico Ltd For Target Rs. 755 - Religare Broking
Stock of the day : Marico Ltd For Target Rs. 755 - Religare Broking
Source: Religare Broking Ltd
2024-09-23 10:52:32 am
Jyothy Labs rises on inking pact with Smartwash Solutions for acquiring brand ‘Quiclo’ Jyothy Labs is currently trading at Rs. 549.45, up by 5.85 points or 1.08% from its previous closing of Rs. 543.60 on the BSE. The scrip opened at Rs. 552.75 and has touched a high and low of Rs. 554.00 and Rs. 546.80 respectively. So far 1099 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 595.00 on 11-Sep-2024 and a 52 week low of Rs. 332.80 on 26-Oct-2023. Last one week high and low of the scrip stood at Rs. ...
Jyothy Labs rises on inking pact with Smartwash Solutions for acquiring brand ‘Quiclo’
Jyothy Labs rises on inking pact with Smartwash Solutions for acquiring brand ‘Quiclo’
Source: Accord Fintech
2024-09-20 09:57:03 am
Stock of the day : Marico Ltd For Target Rs. 704 - Religare Broking Marico Ltd * MARICO has been gradually inching higher after registering a breakout from prolonged consolidation phase. * Post breakout, the stock witnessed price and time wise correction trading in a sideways range. * It has rebounded higher from the lower band of the range which coincides with its short term moving average suggesting price to resume its uptrend. * Thus, traders can consider longs in the mentioned range.   Buy Marico Ltd CMP 665.25&nb...
Stock of the day : Marico Ltd For Target Rs. 704 - Religare Broking
Stock of the day : Marico Ltd For Target Rs. 704 - Religare Broking
Source: Religare Broking
2024-09-09 10:52:06 am
Avenue Supermarts trades higher on the BSE Avenue Supermarts is currently trading at Rs. 5018.30, up by 11.15 points or 0.22% from its previous closing of Rs. 5007.15 on the BSE. The scrip opened at Rs. 5028.90 and has touched a high and low of Rs. 5045.40 and Rs. 4982.70 respectively. So far 1993 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5220.00 on 19-Jun-2024 and a 52 week low of Rs. 3617.30 on 03-Oct-2023. Last one week high and low of the scri...
Avenue Supermarts trades higher on the BSE
Avenue Supermarts trades higher on the BSE
Source: Accord Fintech
2024-08-30 10:38:14 am
Bikaji says `not for sale` amid investor interest in Indian snacks market  Indian snacks maker Bikaji Foods is "not for sale" and is instead on the prowl itself, aiming to cash in on the growing appetite for savoury brands in the world's most populous country, a top executive told Reuters. The Indian savoury snacks sector has ballooned in recent years as consumers splurge on packaged foods. "Bikaji is not for sale. Whatever price someone offers, there are certain things that are not for sale," Chief Operating Officer Manoj Verma s...
Bikaji says `not for sale` amid investor interest in Indian snacks market
Bikaji says `not for sale` amid investor interest in Indian snacks market
Source: Reuters
2024-08-28 11:12:54 am
Avenue Supermarts trades higher on the BSE Avenue Supermarts is currently trading at Rs. 4935.90, up by 56.35 points or 1.15% from its previous closing of Rs. 4879.55 on the BSE. The scrip opened at Rs. 4899.00 and has touched a high and low of Rs. 4977.75 and Rs. 4899.00 respectively. So far 4437 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5220.00 on 19-Jun-2024 and a 52 week low of Rs. 3530.00 on 25-Aug-2023. Last one week high and low of the scri...
Avenue Supermarts trades higher on the BSE
Avenue Supermarts trades higher on the BSE
Source: Accord Fintech
2024-08-26 11:20:34 am
India leads in Asia-Pacific with double-digit growth in consumer goods sales India is the only market consistently delivering double-digit growth in the Asia-Pacific region in the FMCG, tech and consumer durables segments, according to a report by consumer research firm NielsenIQ (NIQ) released on Wednesday.   The report, titled ‘Full View of Modern Trade Retail Trends’, also states that despite inflationary pressures, modern trade has shown resilience, with double-digit volume growth continuing regardless of price fluctuations. Interestingly, t...
India leads in Asia-Pacific with double-digit growth in consumer goods sales
India leads in Asia-Pacific with double-digit growth in consumer goods sales
Source: IANS
2024-08-22 09:55:24 am
Spices Board all set to increase cardamom productivity, export of spices The Spices Board, under the Union Ministry of Commerce and Industry, is all set with a transformative scheme aimed at significantly enhancing the export of spices and value-added spice products as well as improving the productivity of cardamoms and upgrading the post-harvest quality of spices across India for export, a statement said on Wednesday.   Various programmes rolled out under the scheme 'Sustainability in Spice Sector through Progressive, Innovative and Collaborative Inte...
Spices Board all set to increase cardamom productivity, export of spices
Spices Board all set to increase cardamom productivity, export of spices
Source: IANS
2024-08-22 09:28:02 am
India’s factory output growth slows to five-month low of 4.2% in June India’s factory output growth, measured in terms of the Index of Industrial Production (IIP), slowed to a five-month low of 4.2 per cent in June 2024, mainly due to poor performance of the manufacturing sector, though power and mining sectors continue to perform well. IIP grew by 4.0 per cent in June 2023. Industrial production was 6.2 per cent in May, 5 per cent in April, 5.5 per cent in March, 5.6 per cent in February and 4.2 per cent in January 2024. For the month of June 2024, the Q...
India’s factory output growth slows to five-month low of 4.2% in June
India’s factory output growth slows to five-month low of 4.2% in June
Source: Accord Fintech
2024-08-13 09:54:20 am
India’s technical consumer goods market logs 11 pc value growth in Jan-June period  Technical consumer goods (TCG) market in India recorded an 11 per cent increase in value and a 1 per cent rise in volume during the first half of 2024, compared to the same period last year, a report showed on Monday.  Small domestic appliances (SDA) led with a 29 per cent increase in value, reflecting heightened consumer interest in home convenience products, said market research firm GfK. India has emerged as the fastest-growing large market in the technical consumer goods ...
India’s technical consumer goods market logs 11 pc value growth in Jan-June period
India’s technical consumer goods market logs 11 pc value growth in Jan-June period
Source: IANS
2024-08-12 02:37:40 pm
India's consumer goods sales hits over one-year low on weak urban demand, report shows  Indian consumer products' sales slowed sharply to a more-than-one-year low from April to June due to softening demand for personal care products and packaged wheat flour, especially in urban areas, market researcher NielsenIQ said on Thursday. The overall sales volume growth slowed to 3.8% in the second quarter, compared with growth rates of 6.4% to 8.6% in the past four quarters, "largely due to macroeconomic headwinds," NielsenIQ said, without detailing the factors. ...
India's consumer goods sales hits over one-year low on weak urban demand, report shows
India's consumer goods sales hits over one-year low on weak urban demand, report shows
Source: Reuters
2024-08-08 01:58:43 pm
India's Godrej Consumer Products misses Q1 profit estimates India's Godrej Consumer Products reported a smaller-than-expected rise in first-quarter profit on Wednesday, as its household insecticides saw soft demand. The Cinthol soap maker reported a consolidated net profit of 4.51 billion rupees ($54 million) for the quarter ended June 30, up from 3.19 billion rupees a year earlier. Analysts had on average expected a profit of 4.92 billion rupees, as per LSEG data. Sale of products fell 3% to 33.11 billion rupees. The company announced...
India's Godrej Consumer Products misses Q1 profit estimates
India's Godrej Consumer Products misses Q1 profit estimates
Source: Reuters
2024-08-07 04:56:46 pm
Marico slips amid concerns of business being affected due to Bangladesh political crisis Marico is trading under pressure amid cautiousness as its business being affected due to ongoing political crisis in Bangladesh. The company’s Bangladesh revenue share in international business stands around 48% of the revenue in FY23. Within the International business, Bangladesh registered 10% CCG (constant currency growth) as the business stayed resilient and sustained its momentum. Marico is currently trading at Rs. 644.75, down by 27.65 points or 4.11% from its previous closing ...
Marico slips amid concerns of business being affected due to Bangladesh political crisis
Marico slips amid concerns of business being affected due to Bangladesh political crisis
Source: Accord Fintech
2024-08-06 12:54:23 pm
Government extends deadline for comments on new packaging rule for retail goods The Centre's Department of Consumer Affairs has extended the timeline for submission of comments on the proposed amendment in Rule 3 of the Legal Metrology (Packaged Commodities) Rules, by a month, to August 30 from the earlier date of July 29.   The amendment aims to extend the ambit of the rules to include packaged commodities containing a quantity of more than 25 kg or 25 litres that are sold in retail so that greater protection is ensured for consumers. The amendment is aim...
Government extends deadline for comments on new packaging rule for retail goods
Government extends deadline for comments on new packaging rule for retail goods
Source: IANS
2024-08-02 05:36:09 pm
Adani Wilmar surges on the BSE Adani Wilmar is currently trading at Rs. 349.60, up by 5.20 points or 1.51% from its previous closing of Rs. 344.40 on the BSE. The scrip opened at Rs. 347.25 and has touched a high and low of Rs. 354.90 and Rs. 347.25 respectively. So far 207673 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 416.45 on 31-Jul-2023 and a 52 week low of Rs. 285.85 on 20-Nov-2023. Last one week high and low of the scrip stood at R...
Adani Wilmar surges on the BSE
Adani Wilmar surges on the BSE
Source: Accord Fintech
2024-07-30 11:50:34 am
Adani Wilmar clocks highest-ever net profit at Rs 313 crore in Q1 as edible oil prices stabilise Adani Wilmar Limited on Monday posted strong profits with the highest-ever PAT of Rs 313 crore in the April-June quarter (Q1 FY25), as revenue reached Rs 14,169 crore, a 12 per cent volume growth (year-on-year).  The company clocked the highest-ever EBITDA of Rs 619 crore, up by 375 per cent YoY on the back of stability in edible oil prices. Edible oil registered a strong volume growth of 12 per cent YoY and surpassed one million MT in Q1. The Food and FMCG sales crossed Rs 1,50...
Adani Wilmar clocks highest-ever net profit at Rs 313 crore in Q1 as edible oil prices stabilise
Adani Wilmar clocks highest-ever net profit at Rs 313 crore in Q1 as edible oil prices stabilise
Source: IANS
2024-07-29 02:11:39 pm
Stock of the day : Crompton Ltd For Target Rs. 465 - Religare Broking Crompton Ltd * With buoyancy in the consumption sector, CROMPTON is offering a fresh buying opportunity. * The stock exhibits a robust price structure, with a clear uptrend observed since last 4 months. * However, to digest the gains, it witnessed some time wise correction trading sideways while holding above its short term moving average. * The price has recorded a fresh breakout from the same with noticeable surge in volumes. * We expect price to continue its uptrend from her...
Stock of the day : Crompton Ltd For Target Rs. 465 - Religare Broking
Stock of the day : Crompton Ltd For Target Rs. 465 - Religare Broking
Source: Religare Broking
2024-07-25 10:39:06 am
Stock of the day : Godrej Consumer Products Ltd For Target Rs. 1590 - Religare Broking Godrej Consumer Products Ltd * GODREJCP has been in a strong uptrend and currently trading at the record high levels. * It has been forming a base-on-base pattern while holding above its short moving average, highlighting accumulation by stronger hands. * It has witnessed a fresh breakout from the elevated base surpassing the previous resistance zone. * The price action and buoyancy in FMCG space highlights the bullish tone to continue in the stock.   Buy Godre...
Stock of the day : Godrej Consumer Products Ltd For Target Rs. 1590 - Religare Broking
Stock of the day : Godrej Consumer Products Ltd For Target Rs. 1590 - Religare Broking
Source: Religare Broking
2024-07-24 10:44:17 am
GRM Overseas rises on launching `Gulistan Kachi Ghani Mustard Oil` GRM Overseas is currently trading at Rs. 209.75, up by 2.20 points or 1.06% from its previous closing of Rs. 207.55 on the BSE. The scrip opened at Rs. 211.15 and has touched a high and low of Rs. 212.70 and Rs. 204.10 respectively. So far 27838 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 231.35 on 08-Sep-2023 and a 52 week low of Rs. 114.15 on 13-Mar-2024. Last one week high and low of the scrip stood at Rs...
GRM Overseas rises on launching `Gulistan Kachi Ghani Mustard Oil`
GRM Overseas rises on launching `Gulistan Kachi Ghani Mustard Oil`
Source: Accord Fintech
2024-07-15 02:15:40 pm
Avenue Supermarts gains on reporting 17% rise in Q1 consolidated net profit Avenue Supermarts is currently trading at Rs. 4972.10, up by 18.75 points or 0.38% from its previous closing of Rs. 4953.35 on the BSE. The scrip opened at Rs. 5070.05 and has touched a high and low of Rs. 5166.10 and Rs. 4941.95 respectively. So far 26179 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5220.00 on 19-Jun-2024 and a 52 week low of Rs. 3493.05 on 16-Aug-2023. Last one week high and low of the scr...
Avenue Supermarts gains on reporting 17% rise in Q1 consolidated net profit
Avenue Supermarts gains on reporting 17% rise in Q1 consolidated net profit
Source: Accord Fintech
2024-07-15 10:12:16 am
Indian retailer DMart posts 17.5% rise in Q1 profit  India's Avenue Supermarts, the operator of the DMart retail store chain, posted a 17.5% rise in first-quarter net profit on Saturday. It reported a consolidated net profit of 7.74 billion Indian rupees ($92.68 million) for the three months ended June 30 versus 6.59 billion a year earlier. Its revenue grew 18.5% to 140.69 billion rupees. DMart has more than 350 stores in India. Its supermarkets offer a wide range of items from food to footwear and home appliances. It comp...
Indian retailer DMart posts 17.5% rise in Q1 profit
Indian retailer DMart posts 17.5% rise in Q1 profit
Source: Reuters
2024-07-14 08:39:10 am
LT Foods climbs on inaugurating new facility in UK LT Foods is currently trading at Rs. 288.90, up by 8.50 points or 3.03% from its previous closing of Rs. 280.40 on the BSE. The scrip opened at Rs. 293.15 and has touched a high and low of Rs. 297.75 and Rs. 287.60 respectively. So far 229129 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 297.95 on 09-Jul-2024 and a 52 week low of Rs. 124.35 on 13-Jul-2023. Last one week high and low of the scrip stood at Rs. 2...
LT Foods climbs on inaugurating new facility in UK
LT Foods climbs on inaugurating new facility in UK
Source: Accord Fintech
2024-07-12 03:53:04 pm
Consumer Sector Update : gradual volume improvement By Motilal Oswal Financial Services Steady demand; gradual volume improvement MOFSL coverage universe to clock 7.8%/9.2% YoY growth in revenue/EBITDA Demand trends were steady in 1QFY25, with the summer portfolio likely to outperform. Rural markets have seen a gradual recovery (rural growth was better than urban) during the quarter. Most company managements remain positive about volume recovery in FY25. All eyes are on the govt’s initiatives to boost rural income in the upcoming budget. Companies have been focusing on...
Consumer Sector Update : gradual volume improvement By Motilal Oswal Financial Services
Consumer Sector Update : gradual volume improvement By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-07-12 12:21:50 pm
Adani Wilmar rises on inking pact to acquire 67% stake in Omkar Chemical Industries Adani Wilmar is currently trading at Rs. 338.10, up by 3.90 points or 1.17% from its previous closing of Rs. 334.20 on the BSE.  The scrip opened at Rs. 339.85 and has touched a high and low of Rs. 340.15 and Rs. 337.25 respectively. So far 61967 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 422.55 on 26-Jul-2023 and a 52 week low of Rs. 285.85 on 20-Nov-2023. Last one week high and low of the scrip stood...
Adani Wilmar rises on inking pact to acquire 67% stake in Omkar Chemical Industries
Adani Wilmar rises on inking pact to acquire 67% stake in Omkar Chemical Industries
Source: Accord Fintech
2024-07-12 10:40:17 am
Consumer Goods Sector Update : recovery hope to hold valuations By JM Financial Services FMCG sector awaits demand recovery with the hope of a better monsoon aiding rural economy and expectations of a pro-consumption full budget. Rural demand recovery green shoots are in place and expected to see moderate improvement in Q1FY25. Full effect of tailwinds are to be felt in H2FY25, when growth is likely to see recovery. Key highlight for Q1 is a harsh summer, which is likely to benefit summer-centric portfolios, whereas select on-the-go consumption food categories are likely to take ...
Consumer Goods Sector Update : recovery hope to hold valuations By JM Financial Services
Consumer Goods Sector Update : recovery hope to hold valuations By JM Financial Services
Source: JM Financial Services
2024-07-11 02:41:41 pm
Nestle India surges on getting shareholders` nod for continuation of payment of royalty at existing rate to parent Nestle India is currently trading at Rs. 2615.60, up by 12.30 points or 0.47% from its previous closing of Rs. 2603.30 on the BSE. The scrip opened at Rs. 2638.95 and has touched a high and low of Rs. 2638.95 and Rs. 2594.00 respectively. So far 13288 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2770.75 on 02-Jan-2024 and a 52 week low of Rs. 2145.28 on 18-Aug-2023. Last one week high and low of the scrip sto...
Nestle India surges on getting shareholders` nod for continuation of payment of royalty at existing rate to parent
Nestle India surges on getting shareholders` nod for continuation of payment of royalty at existing rate to parent
Source: Accord Fintech
2024-07-09 01:41:59 pm
Avenue Supermarts rises on the BSE Avenue Supermarts is currently trading at Rs. 4874.00, up by 21.45 points or 0.44% from its previous closing of Rs. 4852.55 on the BSE. The scrip opened at Rs. 4855.00 and has touched a high and low of Rs. 4899.00 and Rs. 4853.00 respectively. So far 3557 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5220.00 on 19-Jun-2024 and a 52 week low of Rs. 3493.05 on 16-Aug-2023. Last one week high and low of the scri...
Avenue Supermarts rises on the BSE
Avenue Supermarts rises on the BSE
Source: Accord Fintech
2024-07-08 11:21:10 am
Avenue Supermarts inches up on reporting 18% rise in standalone revenue in Q1FY25 Avenue Supermarts is currently trading at Rs. 4781.25, up by 3.25 points or 0.07% from its previous closing of Rs. 4778.00 on the BSE. The scrip opened at Rs. 4764.95 and has touched a high and low of Rs. 4806.00 and Rs. 4700.00 respectively. So far 29160 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 5220.00 on 19-Jun-2024 and a 52 week low of Rs. 3493.05 on 16-Aug-2023. Last one week high and low of the scri...
Avenue Supermarts inches up on reporting 18% rise in standalone revenue in Q1FY25
Avenue Supermarts inches up on reporting 18% rise in standalone revenue in Q1FY25
Source: Accord Fintech
2024-07-03 03:07:53 pm
Neutral Nestle India Ltd. For Target Rs.2,400 - Motilal Oswal Financial Services The baby food sugar controversy – A concern for Nestle? * Nestle’s baby food products, particularly Cerelac and Nido, have been found to contain elevated levels of added sugar and honey, especially in low- and middle-income countries, as outlined in a report by a Swiss investigative organization, Public Eye. This practice deviates from international health guidelines, especially those established by the World Health Organization (WHO) to curb obesity and related health issues (...
Neutral Nestle India Ltd. For Target Rs.2,400 - Motilal Oswal Financial Services
Neutral Nestle India Ltd. For Target Rs.2,400 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-06-07 11:06:41 am
Stock of the day : Marico Ltd. For Target Rs.650 - Religare Broking Marico Ltd * We are seeing decent strength in the FMCG sector and MARICO is leading from the front. * It has formed a fresh buying pivot holding above its short term moving average indicates momentum in place. * stock has rebounded higher with noticeable volumes finding support around its previous resistance zone highlights inherent strength in price. * Traders can consider fresh longs in the mentioned range. Buy Marico Ltd CMP 614.55 ...
Stock of the day : Marico Ltd. For Target Rs.650 - Religare Broking
Stock of the day : Marico Ltd. For Target Rs.650 - Religare Broking
Source: Religare Broking
2024-06-05 11:06:13 am
Avenue Supermarts trades higher despite market fall Avenue Supermarts is trading higher despite the market fall as traders opted to buy defensive stocks. The stock is currently trading at Rs. 4390.50, up by 40.90 points or 0.94% from its previous closing of Rs. 4349.60 on the BSE. The scrip opened at Rs. 4360.05 and has touched a high and low of Rs. 4580.60 and Rs. 4360.05 respectively. So far 72307 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4916.15 on 22-M...
Avenue Supermarts trades higher despite market fall
Avenue Supermarts trades higher despite market fall
Source: Accord Fintech
2024-06-04 02:35:54 pm
Hindustan Unilever leads the gainers of group A on BSE Hindustan Unilever is currently trading at Rs. 2430.35, up by 75.55 points or 3.21% from its previous closing of Rs. 2354.80 on the BSE. The scrip opened at Rs. 2355.55 and has touched a high and low of Rs. 2435.95 and Rs. 2340.35 respectively. So far 70234 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2768.50 on 07-Jul-2023 and a 52 week low of Rs. 2170.25 on 16-Apr-2024. Last one week high and low of the scr...
Hindustan Unilever leads the gainers of group A on BSE
Hindustan Unilever leads the gainers of group A on BSE
Source: Accord Fintech
2024-06-04 12:40:17 pm
Buy Godrej Consumer Ltd For Target Rs.1,550 by Motilal Oswal Financial Services Playbook remains unchanged; positive outcomes set to continue * Godrej Consumer (GCPL) reported a 6% YoY consolidated net revenue growth to INR33.8b (exactly in line); constant currency (CC) growth was 30% YoY in 4QFY24. The India business clocked 12% YoY revenue growth (5% organic) with a volume growth of 15% YoY (7% organic). * In India, the home care and personal care segments registered 6% and 4% YoY growth, respectively. The HI category was hit by a subdued season, especi...
Buy Godrej Consumer Ltd For Target Rs.1,550 by Motilal Oswal Financial Services
Buy Godrej Consumer Ltd For Target Rs.1,550 by Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-03 02:00:56 pm