There 5 Nifty 50 stocks are struggling below the short-term moving average and given downside breakout on the super trend line; hence may see limited gains in case of a pullback, suggest tech charts.
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.
DMart witnessed a substantial increase in price in the last couple of trading sessions from the 21 DEMA on the daily chart.
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.
Analysts expect some populist measures to address rural stress and lift sentiments at the margin, given the nature of the Lok Sabha polls verdict.
Technical outlook on FMCG stocks: Dabur and ITC look stronger on charts compared to its peers HUL, Marico and Godrej Consumer Products.
The premium portfolio growth across categories was healthy, but the mass portfolio was weak
Indian stock market on Thursday, April 25: The NSE Nifty ended atop the 22,550 levels, up 156 points; Kotak Bank and HUL, however, bucked the trend.
The fall came after the company announced a mixed set of March quarter (Q4FY24) results. Hindustan Unilever's profit dipped 1.6 per cent to Rs 2,558 crore, from Rs 2,600 crore a year ago
According to analysts, the company's revenue and profit for the quarter under review may remain little changed as demand trends remain muted
During Mehta's tenure at HUL, he oversaw a fivefold increase in the mcap of HUL to Rs 6.2 trillion, making it India's fifth-largest public company by mcap and the country's largest FMCG firm
HUL has appointed Shiva Krishnamurthy as Executive Director of its Foods and Refreshment division. It has also appointed Srinandan Sundaram as the Executive Director, Homecare
Stocks to watch on Friday, January 19, 2024: Tata Steel has reportedly rejected a trade union proposal to keep the blast furnaces operational at Port Talbot Steelworks in Wales, the UK
Facing a 7% dip against a soaring Sensex, FMCG major's stock outlook raises caution, with investors eyeing volume recovery, pricing manoeuvres, and margin dynamics for cues
Approximately 205 managers at HUL received an annual income surpassing Rs 1 crore, compared to 153 managers in the previous financial year
Shares of Hindustan Unilever (HUL) fell as much as 4.3% on Friday, as a deal to pay its UK parent higher royalty fees took the shine off a bigger-than-expected rise in quarterly profit
The company had posted a net profit of Rs 2,300 crore in the October-December quarter of the previous fiscal
Deal valuation pegged between Rs 1,000-1,500 crore
Stocks to Watch Today: Shares of Paytm are likely to be in limelight as the company plans share buyback; board to meet on December 13.
Stocks to watch today: Reliance Industries flat net profit at Rs 13,656 crore in Q2FY23; Chennai Petroleum will post Q2FY23 results on Tuesday, October 25