Tag: FMCG

Daily Market Higlights JUN 2

Previous Day Market Sensex closed at 51,934.88 down by 2.56 points Nifty closed at 15,574.85 down by 7.95 points  ITC reported -2.6% lower net profits at Rs.3,755 crore for the Mar-21 quarter as the margins of non-cigarette FMCG business came under pressure. The hotel vertical also made losses on an EBITDA basis due to weak

Daily Market Highlights MAY 14

Previous Day Market SENSEX closed at 48,690.80 down by 471.01points Nifty closed at 14,696.50 down by 154.25 points Vedanta reported net profits of Rs.6,531 crore in the Mar-21 quarter compared to a net loss of Rs-12,521 crore in the Mar-20 quarter. The Mar-20 quarter loss was largely on account of Rs.17,132 crore being written off

Daily Market Update FEB 22

As committed in the Union Budget, the government is planning to privatize Oriental Insurance or United India Insurance since their financial health has shown improvement after capital infusions. The state is also planning to infuse Rs.3,000 crore into general insurance companies. Both the above have shown an improvement in financials and could attract interest from