Indian market is expected to trade higher on Tuesday tracking positive global cues. The S&P BSE Sensex rose more than 100 points while the Nifty50 failed to close above the 17000 mark in the previous session. India VIX was up by 1.35% from 15.24 to 15.44 levels on Monday. Volatility has been on the rise … Read more
reported a 5.4% year-on-year (YoY) fall in consolidated net profit for the December quarter to Rs 476 crore. Revenue from operations grew a moderate 3.4% to Rs 3,043.2 crore. The revenue crossed the Rs 3,000-crore mark for the time in a quarter, the company said. In constant currency terms, the topline grew 5.7% YoY. The … Read more
The recent outperformance of shares of fast moving consumer goods companies indicates that investors have looked past the profitability challenges and are betting on India’s long-term consumption story. Not only has the Nifty50, but the Nifty FMCG index also scaled a lifetime high. On a YTD basis, the sectoral index has outperformed Nifty50, with more … Read more
, part of the FMCG sector, is looking strong from a valuation perspective as well as from a growth point of view which makes it a preferred long-term buy, suggest experts. The FMCG stock is trading with a Mcap of over Rs 97000 cr as on 7 November. It hit a record high of Rs … Read more
New Delhi: Domestic equity markets ended the week on a higher note, extending the gains on the back of upbeat earnings from India Inc and supportive global cues. Both benchmark indices – BSE Sensex and Nifty50- jumped more than 2 per cent each. Midcap and smallcap indices also ended in red, whereas fear gauge index … Read more
Clinical trials are taking the shape of brand identities and partly influencing purchase behaviour, offers Shankar Prasad, founder of skincare brands Plum and Phy. (Illustration: rohnit phore) By Reya Mehrotra In 2020, Dabur, which had long had a monopoly in the Chyawanprash market, suddenly faced a slew of competitors all selling ‘clinically tested and proven’ … Read more
Private sector lender Kotak Mahindra Bank emerged as the consistent wealth creator of the past 25 years, according to Motilal Oswal 25th Annual Wealth Creation Study 2020. The report highlighted that the lender has delivered an annualised return of 25 per cent from 1995 to 2020. “In the 23 three-year rolling periods between 1995 and … Read more