Derivatives market update for Sept 13: Data shows FIIs added fresh longs in Nifty futures, while covering some shorts in Bank Nifty; Retail, DIIs up short bets. Analysts upbeat on near-term outlook.
Derivatives market update for Sept 10: IndiaMart InterMesh, HUL and Sun TV saw long buildup on Monday; while PFC, RECL and Granules India saw shorts added.
Companies such as RJ Corp, MMG Group, and Nestle SA are closely monitoring developments, with potential synergies aligning their interest in a possible acquisition
The company's board appointed a committee to evaluate the future of its ice cream business and also accorded its approval to explore potential structures and alternatives for the same.
With festive season approaching, sectors like automobiles, FMCG, and electronics usually see a sales boost
HUL has said that it has an 'indemnification right' to recover the demand raised by the Income Tax department
Analysts said HUL is already at a 52-week high and has seen a sharp up move in the past two months. Thus, they believe that some profit booking in the near term is possible.
With increasing affluence, the new India is spearheaded by aspiration for better quality of life, he says
According to Bloomberg, analysts had pegged HUL's revenue at Rs 15,586.9 crore and net profit at Rs 2,601 crore for Q1 FY25
The company, a unit of UK's Unilever, reported a 2.7% rise in profit to Rs 2,538 crore ($303.23 million) for the quarter ended June 30
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.
The FMCG sector is hoping for demand recovery with hopes of a better monsoon helping rural demand and expectations of a pro-consumption Budget
HUL selling Pureit: HUL has been offloading non-core brands for a while now, as it wants to focus on core areas
The acquisition of Pureit is expected to close by the end of 2024 and is not expected to have a material impact on earnings in the first year, A. O. Smith said in its release
Unilever recently told employees it will slash a third of office-based jobs in Europe by end of 2025