Shares of fast moving consumer goods (FMCG) players witnessed a strong selloff on December 9 after a weak quarterly update from industry major Godrej Consumer sparked concerns of an industry-wide demand slowdown.Industry bellwether Hindustan Unilever recorded its worst fall in six weeks as it plunged 4 percent, followed by Dabur, Marico and Tata Consumer Products, Britannia and Colgate--that were ...

Shares of Marico rose over 4 percent on July 8 after the company posted a healthy business update for the April-June quarter, with demand trends sitting on a continued growth path.At 09.31 am, shares of Marico were trading at Rs 635.40 on the NSE.Consolidated revenue for the company grew in high-single digit in Q1 of FY25 and the management expects it to continue trending upwards through the rest ...

HDFC Bank shares will be in the limelight today as the foreign institutional investor holding in the stock has fallen to 54.83 percent at the end of the June quarter. Now why is this important? Because HDFC Bank’s weightage in the MSCI index is set to increase as there is now more headroom for FIIs to buy stock. Put simply, if FIIs have the room to buy another 25 percent or more in stock within ...

Marico shares surged around 10 percent on May 7 as the company’s quarterly numbers promoted rating upgrades for the stock. Nuvama has upgraded the stock to 'buy' while City raised its target price on the stock. Motilal has a 'buy' rating on the stock with a target price of Rs 625 per share.As of May 7, Bloomberg showed 31 analysts have a buy rating on Marico stock, 8 have a hold rating and 3 hav...

Domestic equity market benchmarks BSE Sensex and NSE Nifty 50 were staring at weak start on the first day of the week, as suggested by trends on SGX Nifty in early trade. SGX Nifty 50 Index Futures for August were ruling at 17,401 down 22.50 points or 0.13 per cent on Singaporean Exchange. BSE Sensex gained 89 points or 0.2 per cent to settle at 58,388, while NSE Nifty 50 finished trade at 17,39...