Consumer goods company Marico on Monday reported a 17% year-on-year (YoY) growth in its consolidated net profit to Rs 353 crore for the quarter ended September 2023. The same stood at Rs 301 crore a year ago. Revenue from operations declined marginally to Rs 2,476 crore in the said quarter as against Rs 2,496 crore … Read more
The second quarter results, even though a bit mixed, were largely in line with the expectations so far. While the IT companies’ revenue forecasts were muted, private lenders reported good margins and improved asset quality. In the upcoming week, a slew of Nifty companies and some Adani group firms will announce their earnings. Here’s a … Read more
Brokerage firm Morgan Stanley maintained an underweight rating on PNB as well as on L&T Finance. Macquarie recommends an outperform rating on Marico and Emkay initiated coverage on Indian Hotels with a buy rating. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on PNB: Underweight| … Read more
Indian consumer goods maker Marico said on Wednesday its revenue for the second quarter dipped as rising food prices and below-normal rainfall distribution delayed recovery in rural demand. Revenue in the quarter was marginally lower on a year-on-year basis, dragged by pricing corrections in key domestic portfolios over the last 12 months, which will progressively … Read more
Coal India Share Price 274.00 03:59 PM | 07 Sep 2023 18.20(7.11%) Larsen & Toubro Share Price 2846.40 03:59 PM | 07 Sep 2023 115.95(4.25%) IndusInd Bank Share Price 1439.60 03:59 PM | 07 Sep 2023 30.95(2.20%) SBI Life Share Price 1347.50 03:59 PM | 07 Sep 2023 27.70(2.10%) Tech Mahindra Share Price 1269.25 03:59 … Read more
” Reliance is the heaviest weighted counter in Nifty and it has been a thing that whenever market needs a strong support when every other counter is lacking strength then Reliance comes back into action,” says Aditya Arora, Adlytick.Have we missed the big move on Reliance or it is just breaking out? Should any pullback … 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
Mumbai: The Nifty FMCG, or Fast Moving Consumer Goods index, hit the 50,000 mark on Friday for the first time ever as smart investors mounted bets on select consumer-oriented companies such as ITC, Nestle and United Spirits as a defensive play in an uncertain environment. The index comprising 15 of India’s top consumer companies jumped … 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
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