ET Intelligence Group: Hindustan Unilever (HUL), India’s biggest consumer goods company, slumped nearly 4% Saturday after the December-quarter earnings underscored demand fragility, particularly in the price-sensitive product categories, causing revenue to flatten after subdued volume expansion for the second consecutive quarter.Volumes expanded at a muted 2%, but the impact of price reductions led to flat … Read more
FMCG major Hindustan Unilever‘s shares fell over 3% to day’s lows of Rs 2,620.05 on the NSE on Friday after the company’s June quarter earnings missed Street estimates. It was one of the top losers in the Nifty index and the biggest laggard in the 15-stock Nifty FMCG pack. HUL reported a standalone net profit … Read more
Infosys, NTPC and Hindustan Unilever were among the top large-cap stocks fancied by mutual funds in April, while reducing positions in SBI, Axis Bank and ICICI Bank. Overall, in the reporting month, mutual funds sold stocks worth Rs 5,100 crore while FIIs bought Rs 12,400 worth stocks in the secondary market, according to a report … Read more
Fast moving consumer goods bellwether is seen reporting double-digit growth in the revenue for the quarter ended September, led primarily by price hikes and some rise in sales volume. The revenue is seen rising nearly 15% on year to Rs 14,600 crore, the average of estimates given by eight brokerages showed, and this will largely … Read more
Brokerage firm Jefferies maintained a buy rating on , Macquarie retained outperform on , and Citigroup maintained a buy on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Jefferies on : Buy| LTP Rs 574| Target Rs 700| Upside 22%Jefferies maintained a buy rating on SBI … Read more
Indian market closed higher on Monday for the second consecutive day in a row. The S&P BSE Sensex rallied more than 700 points while the Nifty50 reclaimed 16,200 levels. Sectorally, buying was seen in IT, metals, banks, capital goods, and the public sector while marginal selling was seen in FMCG stocks. Stocks that were in … Read more
() is likely to report double-digit growth in both sales and profit in the June quarter. Higher input cost may hurt margin, analysts said, while pegging volume growth at 3-4 per cent for the quarter. Kotak Institutional Equities expects standalone profit to rise 12 per cent YoY to Rs 2,196.60 crore from Rs 1,962 crore … Read more
New Delhi: Five of the top-10 most valued firms together added Rs 67,843.33 crore in market valuation last week, with Hindustan Unilever Limited and Reliance Industries emerging as the biggest gainers. While Reliance Industries, HDFC Bank, Hindustan Unilever, Bharti Airtel and HDFC emerged as the gainers from the top-10 pack, Tata Consultancy Services, Infosys, ICICI … Read more