Latest Updates Around The World
Nifty reversed its two-session winning trend to end lower on Thursday amid broad selling with financial, auto and IT sectors among the major laggards. The index closed below the 50 DMA for the third consecutive session.Commenting on the day’s action, Rupak De, Senior Technical Analyst at LKP Securities, said Nifty ended the session on a […]
Domestic FMCG giant Marico Ltd on Tuesday reported a 13.3 per cent rise in consolidated profit to Rs 460 crore for the December quarter, led by high single-digit volume growth in the Indian market.According to a regulatory filing by Marico, it had posted a net profit of Rs 406 crore in the October-December period a […]
Vodafone Idea is expected to report weak performance in the December quarter, with revenue growth remaining subdued and losses widening as modest gains in ARPU continue to be offset by continued subscriber losses. On average, five brokers expect third-quarter revenue to rise around 1% year-on-year, while losses will widen to around Rs 6,700-7,000 crore. Turnover […]
Driven by GST reforms, robust festive demand and softening commodity prices, the FMCG sector expects volume-based growth, supported by mid-single digit sales growth and improved operating margins in the December quarter.After resolving the GST-induced disruptions, with distributors and retailers focusing on liquidating existing higher-priced inventory in the channel, the FMCG companies have witnessed signs of […]
According to Sandip Sabharwal, founder of askandipsabharwal.com, the strong credit growth reported by leading banks in the December quarter points to an improving economic cycle, even as select consumer and retail sectors face challenges in the near term.Speaking to ET Now, Sabharwal said double-digit loan growth at most major banks reflects rising economic activity after […]
Marico reported steady operating performance in the December quarter, supported by resilient demand conditions and improving consumption indicators in its core markets. The company said demand trends in the broader FMCG sector remained stable during the quarter and expressed confidence in a gradual recovery in consumption in the coming quarters, aided by easing inflation, lower […]
As investors look ahead to 2026, Varun Saboo, of Anand Rathi Shares & Stock Brokers, remains bullish on Indian markets, highlighting specific sectors and themes that could deliver promising returns.When asked about attractive investment themes for the year ahead, Saboo said, “Honestly, we are very, very positive on the markets. You’ll remember the last time […]
Consumer goods makers are holding back on routine price hikes despite a rise in raw material costs across categories, fearing any hikes could trigger government investigations into possible profiteering following the recent VAT cuts.Senior executives at some of the largest companies in sectors such as soaps, biscuits, detergents, automobiles and consumer electronics said they plan […]
In the ongoing earnings season, small-cap stocks have captured investors’ attention as some segments report strong growth and margin performance. In conversation with ET Now, Pankaj Pandey, Head of Research, ICICIdirect.com emphasizes, “Look, on the smaller cap side, pipe is something that we like. So we like the Astral numbers along with the Prince Pipes. […]
Orkla India, the parent company of MTR Foods maker, has raised Rs 500 crore from major anchor investors ahead of its IPO. The shares were issued to domestic and foreign investors at Rs 730, the highest price band of the public offer. The issue opens on Wednesday and closes on Friday. Prominent investors who have […]
