Some brokerages have reduced target prices after muted Q1 showing
The fall in the stock price came after the company announced a weak set of June quarter results (Q1FY25).
The share price rose after the company announced that it has secured an order worth Rs 1,100 crore
The 14 period RSI indicator has turned up from the centreline which indicates upward momentum and the Marico stock has space to move up.
Domestically, foreign institutional investors were net buyers on July 16, acquiring shares worth Rs 1,271.45 crore, whereas domestic institutional investors sold shares worth Rs 529.48 crore.
The Nifty-50 is expected to deliver 12% earnings growth in FY25 over a high base of FY24 (+26 per cent Y-o-Y), said Khemka.
The fall in the share price came after the company witnessed a mixed set of June quarter (Q1FY25) results
Analysts reckon Emami shall deliver a strong FY25, with near double-digit top-line growth and margin expansion
The stock was off highs and was trading merely 0.59 per cent higher at Rs 4,982.55 per share, at 9:57 AM. In comparison, BSE Sensex was trading 0.15 per cent higher at 80,643.32 levels
At 6:47 AM, GIFT Nifty futures indicated a major uptick of 91 points at 24,613, suggesting a gap-up start for the bourses
The stock rose after the company announced that it has bagged an order worth Rs 514.55 crore
The uptick in the stock price came after the company announced that it has bagged an order worth Rs 4,32,15,97,524 crore from Railway Board, Indian Railways
The uptick in the stock price came after the company announced that it has secured an order worth Rs 316.83 crore on Thursday post-market hours
The Nifty Metal Index is currently in a phase of consolidation, trading within a narrow range of 300 points, specifically between 9,700 and 10,000
The Japan-based brokerage said the surge in retail flows into domestic mutual funds over the years has been driven by structural factors like under-allocation to equities
At 11:50 am; with Rs 1.33 trillion market cap, RVNL was trading 4.5% higher at Rs 638.25 on the BSE, while, BPCL and PNB's market cap stood at nearly Rs 1.32 trillion, data shows.
Stock Market Highlights on Thursday, July 11, 2024: The BSE Sensex ended at session 27 points lower at 79,897, while the Nifty50 closed at 24,316, down 8.5 points
The uptick in the share price came after the company announced that it has secured 15 million euro debt funding from Asutira's OeEB, to empower rural women entrepreneurs
The uptick in the stock price came after the company announced a strong set of June toll revenue collections
Stock Market Highlights on Wednesday, July 10, 2024: In the broader markets, the BSE MidCap, and SmallCap indices declined nearly 2 per cent each intraday