NEWS ON CONSUMER
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January 27, 2023, Friday
Adani Green, Adani Ports and 31 other BSE500 stocks hit 52-week lows
Shares of Indus Tower, Vodafone Idea, Aurobindo Pharma, TV18 Broadcast, Voltas and Whirlpool of India were among total 33 stocks from the S&P ...
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January 27, 2023, Friday
Dixon hits 52-week low before closing 19.19% down on poor Q3 show
Cuts FY23 guidance, but expects sales to improve in FY24
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January 27, 2023, Friday
Flows to Indian equities are at risk as investors eye China: Chris Wood
He believes India remains the best long-term equity story in Asian and the emerging market (EM) context
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January 27, 2023, Friday
ITC gains nearly 3%, hits over two-month high in weak market
Brokerages expect strong growth for ITC's FMCG business led by price hikes, strong traction in discretionary categories (due to high mobility) & ...
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January 25, 2023, Wednesday
From packaged food to hotel menus: ITC goes gung ho on millets
ITC is also developing a comprehensive millets-based portfolio under popular brand names and in familiar formats for easier adoption
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January 25, 2023, Wednesday
After a weak Dec quarter, near-term gains unlikely for Colgate-Palmolive
A lot hinges on its ability to boost volumes amid stiff competition
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January 24, 2023, Tuesday
Colgate-Palmolive Q3 results: Net profit down 3.6% to Rs 243 crore
The toothpaste major's revenue from operations stood at Rs 1,281.2 crore
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January 20, 2023, Friday
Stocks to Watch: RIL, PVR, HUL, Bata India, Sun Pharma, Vedanta, LTTS, Auto
Stocks to watch today: Jubilant Foodworks plans to open 3,000 Domino's stores - 250 stores for Domino's India in the next 12-18 months. It also ...
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January 19, 2023, Thursday
Hike in royalty payout to parent could weigh on Hindustan Unilever margins
Analysts say impact depends on commodity and energy prices
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January 19, 2023, Thursday
HUL Q3 results: Net profit beats estimates, royalty to parent bumped up
FMCG major cautiously optimistic on commodity prices, sees rural slowdown bottoming out
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January 19, 2023, Thursday
Asian Paints Q3 results: Net profit rises 5.6% to Rs 1,072.7 crore
The paint major's net sales increased by 1.3 per cent to Rs 8,636.7 crore
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January 19, 2023, Thursday
Asian Paints slips 3% after Q3FY23 result misses street estimates
The domestic decorative business registered a flat volume and value sales delivery for the quarter, on a very high price increase base in the ...
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January 19, 2023, Thursday
These 2 recently listed stocks have zoomed up to 44% from December lows
Landmark Cars hit a new high of Rs 622.45, surging 44% from its December low of Rs 433.20, while Sula Vineyards rallied 40% from its low of Rs ...
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January 19, 2023, Thursday
Stocks to Watch: Adani Ent, IndusInd Bank, Coal India, HUL, Asian Paints
Stocks to watch today: Metals and mining major Vedanta will acquire debt-laden power plant Meenakshi Energy for Rs 1,440 crore
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January 18, 2023, Wednesday
Eureka Forbes hits record high; rallies 20% in 3 weeks on healthy outlook
Despite inflationary pressures, the consumer durables market is expected to witness robust demand, owing to the increasing need for premium ...
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January 18, 2023, Wednesday
Consumer Index sees trend reversal ahead of Budget; M&M, ITC near breakout
If the moving average continues to bolster the index, the reversal could see most of the consumer index stocks performing better
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January 18, 2023, Wednesday
Nifty chart shows signs of accumulation at lower-end, says Vinay Rajani
Among individual stocks, the technical & derivative analyst from HDFC Securities recommends to buy Berger Paints.
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January 17, 2023, Tuesday
Berger Paints India eyes Rs 20,000 crore turnover in the next 5-6 years
The company was scouting for a 40-50 acre-plot in Odisha, says Abhijit Roy, MD and CEO, Berger Paints
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January 17, 2023, Tuesday
ITC to buy 'Yoga Bar' to strengthen presence in health foods space
ITC signs binding term sheet to buy 100% share capital of Sproutlife Foods
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January 17, 2023, Tuesday
ITC to acquire 100% shares of startup 'Sproutlife Foods' over 3-4 years
Sproutlife Foods Private Limited is a startup engaged in the manufacturing and sale of food products under the trademark 'Yoga Bar'
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January 16, 2023, Monday
UBL, CDSL: 5 oversold mid-, small-caps to bet on amid hopes of mkt reversal
Few oversold stocks have now reached their crucial levels that resulted in a robust breakout earlier. These are resilient cushions, with ...
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January 16, 2023, Monday
Sula Vineyards soars 10% on heavy volumes post Q3 sales update
The company said it recorded highest-ever quarterly gross billings overall, both for its own brands as well as wine tourism revenues in Q3FY23.
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January 13, 2023, Friday
Correction in ITC stock a good buying opportunity for investors
A sharp hike in tax on cigarettes could see post-Budget selling, but the company's long-term prospects are good and target prices suggest a ...
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January 13, 2023, Friday
Titan Company slips 2% to hit over four-month low; down 14% from 52-wk high
The stock was trading at its lowest level since August 23, 2022 and has slipped 8% in the last eight trading days
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January 12, 2023, Thursday
Goldiam Int'l soars 16% after Ashish Kacholia buys stake in Dec quarter
As on December 31, 2022, Ashish Kacholia's stake in Goldiam International stood at 1.01%, against nil or below 1% at the end of September ...
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January 09, 2023, Monday
Godfrey Phillips India hits record high; stock zooms 100% in 6 months
In October 2022, Godfrey Phillips divested from the chewing business by sale/ assignment of associated trademarks and certain non-current assets ...
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January 09, 2023, Monday
Too early to bet on rural recovery; stay selective on FMCG stocks: Analysts
In their quarterly update, Godrej Consumer Products, Dabur, and Marico witnessed sluggish growth in the December quarter (Q3) driven by poor ...
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January 09, 2023, Monday
Titan slips 2% despite 11% YoY jewellery sales growth in Q3 update
In the past three months, the stock declined 9 per cent, as against 4 per cent rise in the S&P BSE Sensex.
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January 09, 2023, Monday
Kalyan Jewellers surges 6%; reports up to 13% revenue growth in Q3
The company said December quarter witnessed positive momentum in footfalls and revenue across all the markets majorly driven by strong festive ...
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January 06, 2023, Friday
Dabur India falls 4% after Q3 update hints high inflation to dent margins
On account of challenging macro-economic environment and muted category growths in the quarter, the management anticipates to report low to ...
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January 05, 2023, Thursday
Higher sales growth for Marico contingent on rural demand recovery
Brokerages have a mixed view on the stock; scale up of foods segment key for further gains
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January 05, 2023, Thursday
Godrej Consumer Products sees Q3 sales rise on personal, home care demand
The company expects sales on a constant currency basis to increase in the mid-teens percentage range for the third quarter, with overall profit ...
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January 05, 2023, Thursday
Stocks to Watch: Bajaj Finance, Marico, M&M Fin, IRB Infra, Adani Ports
Stocks to watch today: Bajaj Finance said that new loans booked during Q3FY23 were the highest-ever at 7.8 million
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January 04, 2023, Wednesday
TVS Electronics up 18% on heavy volumes, hits 52-week high in weak market
Indian electronics industry is estimated to grow at a CAGR of 25 per cent from Rs 8.72 trillion in FY21 to Rs 26.5 trillion in FY25, the company ...
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January 03, 2023, Tuesday
Reliance Consumer Products to acquire 50% stake in makers of Sosyo
Reliance Consumer Products announced it will acquire 50 per cent stake in 100 year old Gujarat-based Sosyo Hajoori Beverages, which owns and ...
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January 03, 2023, Tuesday
Marico expands RTE portfolio with Saffola Munchiez ragi chips and makhana
The FMCG firm is tapping the increasing tribe of conscious, albeit indulgent modern consumers with this new on-the-go healthy snack brand
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December 29, 2022, Thursday
Sensex, Nifty set to gain for seventh straight year; smallcaps underperform
The underperformance of the small-caps, according to analysts, was mostly due to rising raw material prices and the hike in rates by central ...
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December 28, 2022, Wednesday
Framed for growth: Titan's Titan Eye+ has set sights on booming market
Company has the advantage of Titan's network but it needs to scale up its online presence
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December 26, 2022, Monday
CBI arrests Videocon Group founder Venugopal Dhoot in ICICI loan fraud case
Videocon founder sent to custody till December 28, along with ex-ICICI Bank CEO Chanda Kochhar and her husband
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December 26, 2022, Monday
From industry icon to defaulter: How Venugopal Dhoot lost his empire
The top court's order and cash-for-loans scandal later, rocked the group across verticals; its fate now hinges on SC's ruling on bankruptcy even ...
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December 22, 2022, Thursday
Jyothy Labs rallies 9%, hits 4-year high in weak market
Notwithstanding the lockdowns due to the second wave of Covid-19 pandemic, the FMCG sector grew by 36.9 per cent in the April-June quarter of ...
