Looks to get aggressive in segment dominated by Hindustan Unilever and Tata Tea
Among individual stocks, Asian Paints, EIH and Alkem Laboratories can rally up to 18 per cent each. Hindustan Unilever and Metro Brands too are poised to log smart gains, indicate charts.
Falling raw material prices expected to help margins recover in Q3
With wholesale prices galloping in double-digits since April last year, companies found themselves in a fix, raise prices too much and hurt a nascent recovery in demand or absorb costs and take a hit
The comapny has invested not more than a few (Rs)100 crore in its nano factories without giving the exact investment figure
The current chart formation is akin to 2011, provided ITC ends August on a positive note. Post which, the stock can potentially double from current levels.
According to economists, inflation is likely to ease by October as the monsoons have been progressing well with the cumulative rainfall being 9 per cent above the long-term average up to July 12
During the quarter, HUL reported 19.5 per cent growth and the company took a 12 per cent price increase across its portfolio
The Sensex ended the session at 55,268, with a decline of 497 points, or 0.9 per cent
Stocks to Watch Today: CEAT, Havells, IndusInd Bank, Mastek, OFSS, RIIL, Syngene International, Tata Communications and Wirpo to announce Q1 results on Wednesday.
Revenue was up 19.6% YoY and profit up 13.5% YoY, its highest-ever quarterly figures
High commodity prices forced the India unit of Unilever to raise prices across its main segments, including household care, skin and hair cleansing products, in the quarter ended June
'During the quarter, our turnover grew 19% with underlying volume growth of 6%. We continued to grow significantly ahead of the market, gaining value and volume market shares,' says the FMCG major
Stocks to Watch Today: Ambuja Cements, AU SFB, Alok Textiles, Hindustan Unilever, HDFC Life, ICICI Lombard, L&T Finance and Rallis India to announce Q1 results on Tuesday.
HUL Q1 results: Analysts say that the FMCG company's profit margins will continue to bear the brunt of high commodity prices, which were at peak highs for the most part of the quarter.
Eight of the 10 most valued domestic firms together added Rs 1.81 trillion in market valuation last week, with Hindustan Unilever emerging as the biggest gainer
If not for RIL's steep correction, the index could have closed nearly 500 points higher
Sanjiv Mehta will join Unilever Indonesia's board of commissioners and chair it in a non-executive capacity
Country going through probably the most difficult economic situation, says chairman
Past week, the BSE Sensex plunged 2,943.02 points or 5.42%, while the NSE Nifty declined 908.30 points or 5.61%