We are seeing a noticeable strength in paint stocks and Berger Paints is trading in sync with the move.
Explained: What is Hindenburg Research, what is short-selling and how much profit did the US firm make on its 2023 Adani Group report
Overall, the operating earnings before interest and tax (EBIT) margin improved to 10.6 per cent for Q1FY25 against 7.8 per cent for Q1FY24.
The Nifty FMCG Index is demonstrating a bullish trend in the near term, as indicated by its recent upward movements on the charts.
The uptick in the stock price came after a strong show in the June quarter of financial year 2025 (Q1FY25).
Stock Market LIVE on Friday, August 2, 2024: BSE Sensex opened nearly 700 points lower at 81,158.99 levels while Nifty50 plunged 220 points to 24,789.
The uptick in stock price came after the company announced that it has secured Letter of Intent (LoI) for an order worth Rs 558.16 crore from Department of Agriculture, Uttar Pradesh.
The Nifty Commodities Index is showing signs of a potential pullback in the near term, making it a suitable candidate for selling on rises.
Stock Market Highlights on Thursday, August 1, 2024: The day ended in favour of the bulls, with 28 out of the 50 listed companies on the Nifty50 ending higher, led by Power Grid Corporation of India
The fall in the share price came after the automotive manufacturer reported disappointing July 2024 sales numbers.
On the bourses, ITC stock has rallied 14.1 per cent over the past month. The stock hit an all-time high of Rs 510.60 on July 24, 2024. This was the first instance of ITC stock crossing Rs 500-mark.
Spillover of trading activity from these contracts into remaining products, analysts believe, can limit the impact to 20-25%
The uptick in share price came after the company reported a mixed set of June quarter of financial year 2024 (Q1FY25) results.
The fall in the share price came after the company announced its June quarter (Q1FY25) results, which missed street expectations.
In a separate exchange filing, RVNL informed that the Hon'ble tribunal has passed an award of Rs 584.22 crore in favour of its joint venture company i.e. Krishnapatnam Railway Company Limited (KRCL).
Earlier this week, Hindustan Unilever approved the sale of its water purification business to AO Smith India for an Enterprise Value (EV) of Rs 601 crore or $72 million.
Among block trades, Vodafone Group Plc subsidiaries raised about $1.8 bn by selling shares in India's Indus Towers Ltd. in June, while British American Tobacco Plc. sold part of its stake in ITC Ltd
The uptick in stock price came after the company announced that it has secured a 'significant' order from JNK Global.
On June 3, ZEEL's the board had considered and given its in-principle approval for raising funds by up to Rs 2,000 crore.
Mobile tower company ATC Telecom Infrastructure has converted Rs 160 crore worth of optionally convertible debentures, issued by Vodafone Idea in lieu of payments, into equity, a regulatory filing said on Thursday. Debt-ridden telecom operator Vodafone Idea (VIL) had issued optionally convertible debentures (OCDs) worth Rs 1,600 crore to ATC, as it failed to pay for rentals of mobile towers. ATC has already converted OCDs worth Rs 1,440 crore into equity in March. "We wish to inform you that pursuant to the terms of OCDs, the Company has received Conversion Notice in respect of outstanding 1,600 OCDs from current OCD holders (ATC) for conversion into 16,00,00,000 fully paid up equity shares of face value of Rs 10 each at conversion price of Rs 10 per equity share," VIL said in the filing. Last month, VIL allocated shares worth Rs 2,458 crore to vendors Nokia India and Ericsson India to clear partial dues. The total debt of the company stood around Rs 2,07,630 crore as of March 31,