A long buildup occurs when both open interest (OI) and trading volumes rise alongside an increase in the underlying stock price, signaling a bullish trend in the Futures and Options segment. In Friday’s trading session, five stocks witnessed fresh long positions. Here’s the list: Source link
Marico saw low single-digit growth in domestic volumes on a year-on-year basis during the third quarter ended December. The company has also reported a slight sequential improvement in its core portfolio. Consolidated revenue is said to have dropped in low single-digits year-on-year due to significant currency depreciation in select overseas geographies. The pricing corrections in … Read more
Despite weak global cues, benchmark indices rallied to close at fresh highs on Thursday. The 30-share Sensex climbed 339 points to settle at 65,785, while the broader Nifty jumped nearly 100 points to end at a fresh high of 19,497. Stocks that were in focus include names like Hindustan Zinc, which gained 8.22%, Marico, which … Read more
Marico reported a 20.3% year-on-year (YoY) increase in the consolidated net profit for the quarter ended March to Rs 302 crore, despite a muted growth in the revenue. Revenue from operations rose margianlly by 4% YoY to Rs 2,240 crore. The company reported its earnings after markets closed. The stock ended 0.7% down at Rs … Read more
New Delhi: Ahead of corporate earnings for the June quarter, foreign brokerages have come up with their reports on select domestic companies. While they remain mixed on financials, the views on FMCG suggest a promising outlook for the sector. CSLA has maintained its sell rating on as the growth has slowed from pre-Covid levels. It … Read more