The Indian stock market witnessed a weak trend in the last week due to heavy selling in the largecaps.
In the last week, the combined market cap of six of the top 10 most valued companies eroded by Rs 1.55 lakh crore.
In the top 10, Reliance Industries (RIL), Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) were losers. Tata Consultancy Services (TCS), HDFC Bank, Infosys, and State Bank of India (SBI) were gainers.
The market cap...
RIL mcap decreases by Rs 74,000 crore; SBI, TCS, Infosys biggest gainers
Favourable price expected to aid future growth
Hindustan Unilever (HUL), a subsidiary of Unilever PLC, is India’s leading FMCG company. It has over 35 brands across 20 categories, such as soaps, detergents, shampoos, and skin care
* In Q2FY25, HUL reported a revenue growth of 1.5% YoY, mainly due to growth in the home care segment, while beauty & personal care and foods & refreshment segments declined.
* The home care segment revenue grew 8.0% YoY due to higher volume i...
Buy Hindustan Unilever Ltd For Target Rs.2,820 By Geojit Financial Services Ltd
Total market capitalisation of seven out of 10 companies has reduced by Rs 1,22,107 crore in the last week, with TCS and RIL losing the most.
During the trading session from October 7-11, the market capitalisation of Tata Group company Tata Consultancy Services (TCS) declined by Rs 35,638 crore to Rs 15,01,723 crore. The market cap of Reliance Industries (RIL) has declined by Rs 21,351 crore to Rs 18,55,366 crore.
FMCG major ITC experienced a decrease in its market cap by Rs 1...
Seven companies marketcap decreases by over Rs 1 lakh crore
Hindustan Unilever, the Indian arm of UK's Unilever, posted a bigger-than-expected fall in fourth-quarter profit on Wednesday, as consumers cut back on spending amid sticky food inflation, while stiff competition hurt demand.
The company, whose brands include Dove, Cif and Cornetto, said its profit fell to 24.06 billion rupees ($288.9 million) in the three months ended March 31, from 25.52 billion rupees a year earlier.
Analysts, on average, had expected profit of 24.44 billion rupe...
Unilever's India arm Q4 profit falls more than estimates as inflation, competition bite
