However, the counter has lost over 5 per cent from its recent high of Rs 346.25 hit on September 23, 2022 and has underperformed the S&P BSE Sensex, which has lost nearly 2 per cent since then
Looks to get aggressive in segment dominated by Hindustan Unilever and Tata Tea
The Nifty FMCG index hit a fresh all-time high on Thursday even as the key benchmark indices wilted under selling pressure, tracking losses in global markets.
With commodity prices deflating from their March peak levels, analysts expect the margin profile across consumer goods companies to improve going ahead.
Mohit Burman has been appointed as the non-executive chairman of the board of the company from August 11 for a period of five years
Saket Burman has been appointed as the non-executive vice chairman of the board of directors with effect from August 11 for a period of 5 years
Its ability to maintain margins will depend on the raw material cost basket
CLOSING BELL: PSU banks were the worst hit today with the Nifty PSB index down 1.75 per cent
The current chart formation is akin to 2011, provided ITC ends August on a positive note. Post which, the stock can potentially double from current levels.
With 19 single-use plastic items banned from July 1, including the straws, companies including Dabur India Ltd. and Parle Agro Pvt, have been racing to replace them with imported paper versions
Stocks to watch today: L&T Technology Services and Jindal Steel and Power will share June quarter 2022 (Q1FY23) results on Friday, July 15.
In FY22, the company's turnover crossed Rs 10,000 crore mark for the first time
Stocks to watch today: Tata Elxsi, L&T Infotech will report their June quarter results 2022 on Thursday July 14; Mindtree posted 37.3 per cent rise in net profit to Rs 471.6 crore for Q1FY23.
Dabur held 76 per cent stake in the firm before acquisition through its subsidiary Dabur International, while the remaining 24 per cent was held by Advanced Chemical Industries, the company said.
Dabur's food and beverages vertical saw strong double-digit growth in the quarter on the back of improving out-of-home consumption, innovation, and intense summer season
Shares of Hindustan Unilever are exhibiting a major breakout, whereas Dabur India and Marico are not exhibiting much of a promise on the charts.
However, beverage companies have resorted to different measures to ensure that stocks in the supply chain are not sold with plastic straws
According to the technical analyst from Anand Rathi, Wipro can rally up to Rs 445, while Dabur can gain up to Rs 526.
With this, Burmans' holding in the company stands at 38.3%
Companies have moved toward lighter loads in their cheapest packages amid rising costs of edible oils, grains and fuel