Marico shares surge over 2% on posting high single digit revenue growth in Q2
Shares of Marico jumped 2.4% to its dayβs high of Rs 710 on the BSE following its second-quarter update, where it said the domestic business posted mid-single digit volume growth, exhibiting improvement on a sequential basis. Amid the negative market sentiment, the stock went up and is currently inching towards its all-time high of Rs…
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ITC, HUL and Dabur among 11 stocks with buy view from brokerages post Q1 earnings
The FMCG sector posted top-line growth, driven by a summer spike, although the general elections negatively impacted the sector. The outlook for H2 remains positive, as indicated by company commentaries. Revenue is expected to grow, supported by rural recoveries, according to multiple brokerages. With sector rotations underway and defensives like FMCG gaining investor interest, stocks…
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Bangladesh crisis: 12 listed Indian companies with exposure on troubled zone
Sheikh Hasina’s ouster as Bangladesh Prime Minister following violent protests over job quotas has not just made India’s neighbourhood vulnerable to security risks, the crisis also has ramifications for Indian companies, many of which are listed on stock exchanges. The impact of the political turmoil was seen in shares of Saffola edible oil manufacturer Marico….
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Q1 results today: Bharti Airtel among 109 companies to announce earnings on Monday
The first quarter earnings season is underway and as many as 109 companies will announce their numbers on Monday. Key results to watch out for include that of Airtel, Marico and ONGC. Apart from the above, companies like ACS Technologies, Andhra Paper, BEML, Avanti Feeds, Bharti Hexacom, Brigade Enterprises, Exicom Tele Systems, Genus Prime Infra,…
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