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Source: Live Mint In the holiday-shortened week, nine out of the ten most valued companies collectively lost ₹2,94,170.16 crore in market capitalization, with Tata Consultancy Services (TCS) suffering the steepest decline amid a broader downturn in domestic equity markets. During the same week, the BSE Sensex dropped by 2,050.23 points (2.64%), and the NSE Nifty…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. IndusInd Bank Moody’s Investors Service has affirmed IndusInd Bank’s long-term foreign currency deposit rating at Ba1 with a stable outlook. However, the agency has placed the bank’s Baseline Credit Assessment (BCA) under review for a possible downgrade due…
Source: Live Mint Stock market today: Adani Enterprises, Asian Paints, Bajaj Auto, Bank of Baroda, Canara Bank, Colgate-Palmolive, Dr. Reddy’s Laboratories, DMart, Godrej Consumer Products, Havells, Hindustan Unilever Ltd (HUL), Jio Financial Services, and Reliance Industries Ltd (RIL) hit their 52-week lows in intraday trade on the BSE on Monday, March 3, amidst a fluctuating…
Source: Live Mint The combined market valuation of eight of the 10 most valued domestic firms eroded by ₹2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day…
Source: Live Mint The big day is here! FM Sitharaman will deliver her 8th Budget speech at 11 a.m. Even though it’s a Saturday, stock markets (BSE and NSE) will remain open. This will be her second full Budget under Modi 3.0 and her eighth overall, including six annual and two interim Budgets during the…
Source: Live Mint Hindustan Unilever Ltd (HUL) has been struggling with muted revenue growth for the past few quarters, thanks to a combination of weak pricing and subdued volume growth. Demand conditions are still not particularly exciting, with urban demand moderating even as rural is recovering. At its recent capital markets day meeting, HUL’s management…
Source: Live Mint Fast-moving consumer goods (FMCG) giant Hindustan Unilever’s board on Monday, November 25, gave in-principle approval to demerge its ice cream business into an independent, listed entity. According to the filing, HUL shareholders will receive shares in the new entity in proportion to their existing holdings in the FMCG major. HUL has several…
Source: Live Mint Dividend stocks: Shares of major companies, such as Dabur India, Coal India, Hindustan Unilever Ltd, Patanajali Foods and others, are scheduled to trade ex-dividend starting on Monday, November 4, 2024, according to BSE. Some of the major companies have announced various corporate actions, including the extraordinary general meetings (EGM), bonus issue, and…
Source: Live Mint It was a foregone conclusion that Dabur India Ltd’s September quarter (Q2FY25) results would disappoint, as the company’s business update earlier this month had already cautioned of a weak quarter. Unsurprisingly, Dabur’s shares reacted with only a muted response. Read this | Dabur’s September-quarter update pours cold water on market hopes Consolidated…
Source: Live Mint Indian FMCG stocks have emerged as the worst performers in October so far, primarily due to a combination of factors that have negatively impacted investor sentiment. The disappointing performance in the September quarter has raised concerns among analysts and investors as many leading FMCG companies reported results that fell below expectations, prompting…
