According to the data compiled by Prabhudas Lilladher showed, foreign investors increased their holding in RHI Magnesita India Ltd to 2.2 per cent, as compared to 0.64 per cent as on March 31.
Stocks to Watch Today: The Aditya Birla Group has planned a massive Rs 77,000 crore capex; Meanwhile, this week the focus will be on rate sensitive sectors ahead of the RBI policy meet on Wednesday.
Its revenue growth was led by higher realisation from existing stores and new stores added during the financial year ended on March 31, 2022
Stocks to Watch Today: Shares of Adani Wilmar, Jindal Stainless, Adani Enterprises, Hero MotoCorp, Tata Steel and Titan too shall be in focus ahead of the Q4 results.
The merger of Tata Coffee Ltd with Tata Consumer Products Ltd (TCPL) will be completed in 12-14 months and the companies are in the early stages of filing the regulatory process, an official said. Tata Coffee Ltd officials do not foresee any roadblocks in the process of merger. "It would take about 12 to 14 months. So that's what the timeline is," Tata Coffee Ltd ED & CFO K Venkataramanan told analysts at an investors meet. TCPL has announced the merger of all businesses of Tata Coffee with itself or its subsidiaries as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies. Under the scheme, shareholders of Tata Coffee will receive an aggregate of 3 equity shares of TCPL for every 10 equity shares held by them. Speaking about the demand scenario under the ongoing geopolitical crisis, the management said that the demand remains firm, even for Russia and Europe. "Tata Coffee have got a healthy order book and customers are asking .
Stocks to Watch Today: Shares of Bajaj Auto, Hindustan Unilever and Indian Hotels are likely to be in focus as the companies report Q4 results on Wednesday.
The company's profit stood at Rs 57.37 crore during the corresponding quarter of 2020-21, TCL said in a BSE filing
Among the pack, Tata Motors seems to be a slow mover, as the stock may see an upside of 8 per cent on crossing the major hurdles.
TCPL on Tuesday announced a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies.
To combine Tata Coffee's business into Tata Consumer Products and its wholly owned subsidiary through a composite scheme of demerger and merger
Thomas is the managing director and chief executive officer of the company since April 1, 2019
Cost pressures to sustain as company is committed to increasing advertising spends
Tata Coffee on Monday reported a 26.55 per cent growth in consolidated net profit during the September quarter at Rs 53.66 crore
The stock of Indian Bank has broken out from ascending triangle on the weekly charts
Stocks like Bajaj Electricals and NALCO can even surge up to 20 per cent each; while MCX, JK Lakshmi Cement and Tata Coffee are also looking good
According to market players, the GMP for CarTrade is 25 per cent, while Nuvoco Vistas is less than 10 per cent, over their offer price.
Consolidated total income dipped by 9 per cent to Rs 538 crore as compared to Rs 592 crore in the same quarter of FY21.
Tata Coffee, on April 29, had reported a strong set of results for the quarter ended March 2021, with its consolidated net profit more-than-doubling at Rs 57.37 crore, on the back of healthy sales
Net income during the quarter under review rose by 17 per cent year-on-year (YoY) to Rs 612.06 crore from Rs 523.46 crore
Its net profit stood at Rs 41.99 crore in the year-ago period