All that happened in the markets today
BankNifty index has broken out from the "Flag" pattern on the daily chart, which indicates a fresh momentum buying the Banking stocks
Wipro's stock has provided breakout from a symmetrical triangle formation on the daily chart with higher than average volumes
The product is owned by Colgate-Palmolive and its partner Hawley & Hazel and once used an offensive racial epithet for a Black person as its name, the Hong Kong Free Press reported on its website.
All that happened in the markets today
Mahindra & Mahindra's stock has provided a breakdown from a rising wedge pattern on the daily chart
Both the countries reported a decline in sales in the March quarter
Trading at 77x, its trailing 12-month net profit against industry average of about 43x
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Net sales increased 4.1% only to Rs 1,136.02 crore versus Rs 1091.63 crore last year
The company reported a net sales growth of 4.1% despite category headwinds in both rural and urban
The support for the week is seen at 39,770/11,700 while the resistance would be seen near 41,100/12,140 levels. Bank Nifty would have a weekly range of 30,660 - 32,000 levels.
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
Federation of All India Distributors Association steps in to lend support
Stock recommendation by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
Colgate's incoming CEO has been with the company since 1987 and held several positions, most recently as its chief operating officer
The Vedshakti brand, launched by Colgate in India, has now been taken to Thailand
Company raises Series-A investment from Colgate and existing investor Fireside Ventures
Already a fifth of the nearly Rs 80-billion toothpaste market in India (around Rs 15 billion) is herbal with the segment estimated to become a fourth (or Rs 20 billion) in the next few years
Colgate's raw material costs as a percentage of sales dropped to 34.6 of its net sales in Q4 from 37.5 in the year-ago quarter