Leading oral care products maker Colgate-Palmolive (India) on Wednesday announced the launch of ayurveda-based oil pulling, extending its portfolio in the naturals segment. Oil pulling is a simple method of swishing oil in the mouth for a few minutes after waking up. Colgate Vedshakti Oil Pulling is based on centuries-old practice in ayurveda combined with the company's oral care expertise, it said in a statement. Researched and designed in India, the product is an antioxidant rich blend of eucalyptus, basil, clove, sesame and lemon oils, to detoxify mouth of overnight impurities, it added. We are very excited to launch Vedshakti Oil Pulling - an antioxidant rich blend of 5 oils that everyone should add to their daily health regimen and enjoy a plethora of benefits, Colgate-Palmolive (India) VP Marketing Arvind Chintamani said.
The stock of Colgate Palmolive has surpassed the upper band of the Bollinger band which hints of a fresh up move in the counter
The auto pack is largely trading in tandem with the benchmark and most stocks have recovered to their pre-Covid levels
Shriram Transport Finance, Asian Paints, Nestle India, L&T, Bajaj Finance, Colgate-Palmolive India, Shree Cement, Ipca Laboratories, NTPC and Pidilite Industries were up in the range of 3% to 8%
Analysts believe the company needs to "adopt more aggressive strategy to accelerate growth in segments like handwash and sanitizers to be able to compete with firms like Hindustan Unilever and Dabur
All that happened in the markets today
BankNifty index has broken out from the "Flag" pattern on the daily chart, which indicates a fresh momentum buying the Banking stocks
Wipro's stock has provided breakout from a symmetrical triangle formation on the daily chart with higher than average volumes
The product is owned by Colgate-Palmolive and its partner Hawley & Hazel and once used an offensive racial epithet for a Black person as its name, the Hong Kong Free Press reported on its website.
All that happened in the markets today
Mahindra & Mahindra's stock has provided a breakdown from a rising wedge pattern on the daily chart
Both the countries reported a decline in sales in the March quarter
Trading at 77x, its trailing 12-month net profit against industry average of about 43x
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Net sales increased 4.1% only to Rs 1,136.02 crore versus Rs 1091.63 crore last year
The company reported a net sales growth of 4.1% despite category headwinds in both rural and urban
The support for the week is seen at 39,770/11,700 while the resistance would be seen near 41,100/12,140 levels. Bank Nifty would have a weekly range of 30,660 - 32,000 levels.
Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers
Federation of All India Distributors Association steps in to lend support
Stock recommendation by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers