Average stake down 40 bps from previous quarter at 22%
CLOSING BELL: losses in HDFC twins, ICICI Bank, Infosys, L&T, and Bharti Airtel nearly balanced gains in Kotak Bank, State Bank of India, Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance
The two applicants proposed to settle the alleged violations of insider trading rules "without admitting or denying the findings" through a settlement order
CLOSING BELL: M&M (up 6 per cent) was the top Sensex gainer, followed by RIL, Maruti Suzuki, Bharti Airtel, Power Grid, Kotak Bank, Ultratech Cement, ITC, NTPC, SBI, Axis Bank, and Titan
Varun Beverages, PepsiCo's largest franchise bottler, on Monday reported a two-fold rise in consolidated profit after tax at Rs 802.01 crore for June quarter on growth in revenue from operations.
The order came after the two applicants proposed to settle the alleged violations of insider trading rules, "without admitting or denying the findings" through a settlement order.
Operating leverage, product mix to offset raw material pressures, say brokerages
The management remains confident of delivering healthy volume growth in the medium to long-term on the back of strong demand momentum.
ITC, Varun Beverages, TVS Motor Company, Coromandel International and Hindustan Aeronautics can rally up to 25 per cent, technical charts suggest
"This settlement order disposes of the aforesaid adjudication proceedings initiated against the applicant viz. Ravi Kant Jaipuria vide SCN... dated December 21, 2021," Sebi said in its order.
VBL is expected to benefit from a strong recovery going forward, led by growing out-of-home consumption, with the opening up of offices and traveling, uptick in volumes in new territories
The tribunal order followed a complaint by a resident of Ghaziabad against the bottling units saying that they had not obtained NOC from the Central Ground Water Authority
On the back of an improving demand environment, the management remains confident of delivering healthy volume growth in the medium to longer term
Varun Beverage is the second largest bottling company of PepsiCo's beverages in the world outside the US
Demand for soft drinks and ice-creams has reportedly touched a five-year high, with the early onset of summer and rise in mobility.
Gains expected on the back of rising out-of-home consumption after two years of sluggish performance
The impact of rising raw material prices is a near term concern
One year forward valuations at 40 times earnings are at a substantial discount to FMCG peers
Varun Beverages Ltd, on Monday reported over two-fold jump in consolidated net profit at Rs 318.80 crore for second quarter ended June 30, 2021, helped by volume growth and cost-optimization measures.
Its total income during the quarter under review stood at Rs 2,275.60 crore, up 31.96 per cent from the same period a year ago