Shares of Britannia Industries rallied 9.4% to Rs 5,193.6 in Monday’s trade on BSE despite the FMCG major reporting a 3.6% year-on-year (YoY) decline in net profit to Rs 538.3 crore in Q4 of FY24. On a sequential basis, the net profit saw a decline of 3.2% over Rs 556.39 crore reported in Q3FY24. The … Read more
Brokerage Kotak Institutional Equities has increased its weight on consumer plays Britannia Industries and Godrej Consumer Products (GCPL) as it tweaked its largecap portfolio while lowering weightage for Macrotech Developers, even as the domestic brokerage remains positive on the residential real estate space. Kotak has increased weights by 20 bps on Britannia Industries and GCPL … Read more
Brokerage firm JPMorgan maintained an overweight rating on Godrej Consumer, Morgan Stanley has an overweight rating on Zomato and an overweight rating on Britannia. Macquarie, meanwhile, maintained a neutral rating on Ramco Cement and Jefferies recommends a hold on Torrent Pharma. We have collated a list of recommendations of top brokerage firms from ETNow and … Read more
Brokerage firm Jefferies maintained a buy rating on Sunteck Realty. Credit Suisse is bullish on L&T, UltraTech Cement, and Cummins India while it maintains an underperform stance on Container Corp, ABB India, and Voltas. CLSA continues to like HUL, ITC, and Dabur India while it has maintained its sell rating on Britannia Industries and Nestle … Read more
New Delhi: A Mauritius-based Wadia group company that together with its affiliates indirectly holds a stake in Britannia Industries could take centre stage in a face-off between Go First‘s bankers – some of whom want collateral provided by that company overseas for loans taken by the airline to be included in a common security pool, … Read more
We are in the middle of the fourth quarter earnings season and a slew of companies including Britannia Industries, Marico, Paytm and Federal Bank are slated to report their fourth-quarter earnings on Friday. Here’s a preview of what the numbers might look like for these companies: Britannia IndustriesBritannia Industries is expected to report a 16% … Read more
Indian market is expected to trade flat-to-lower on Friday tracking mixed global cues. The S&P BSE Sensex rose more than 100 points while the Nifty50 closed just a shade below 17900 levels on Thursday. India VIX moved down by 4.12% from 13.57 to 13.04 levels on Thursday. Volatility has been overall falling down from the … Read more
BNP Paribas expects Asian equities to outperform developed markets in 2023, but has downgraded its rating on India to “neutral” from “overweight” due to stretched valuations. Within the emerging market pack, BNP Paribas expects India to underperform other markets against the backdrop of the steep up-move seen in 2022. Currently, the BSE Sensex is trading … Read more
The year 2022 has turned out to be a historic one for index stock not in one, but many ways. Companies in the fast moving consumer goods sector have had a tough year grappling with skyrocketing commodity prices, sluggish rural demand, and weak profitability. But sector majors such as have managed to maneuver these hurdles … Read more
Nifty futures on the Singapore Exchange traded 86.5 points, or 0.48 per cent higher at 18,289.5, signaling that Dalal Street was headed for a positive start on Monday. Here are a dozen stocks which may buzz the most in today’s trade: Coal India, Divis Labs, BPCL: Coal India, Divi’s Laboratories, Bharat Petroleum, One97 Communication, , … Read more