Business Standard

Monday, December 23, 2024 | 10:13 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Consumer goods stocks gain; falling inflation helps

Image

Reuters

Reuters Market Eye - ITC Ltd gains 1.4 pct, Hindustan Unilever Ltd is up 1.8 pct and Britannia Industries advances 2.6 pct.

Dabur India Ltd gains 2.2 pct, while Jubilant Foodworks Ltd adds 1.8 pct.

Falling inflation will lift consumer spending, while lower raw material costs will aid margins, traders say.

India's inflation dropped to a new multi-year low in October, helped by slower annual rises in food and fuel price.

(Reporting by Abhishek Vishnoi)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 19 2014 | 11:08 AM IST

Explore News