On the sectoral front, PSU banks and FMCG stocks made decent gains while realty, metal. and media counters suffered losses
The recent announcement of a 70 per cent acquisition in Tenax India would be beneficial for Pidilite given it expands the company's adhesives portfolio in the marble and stone industry
The company has fixed March 16, 2020, as the record date to determine /ascertain the members entitled to receive the interim dividend.
India Inc is expecting a slew of economy-boosting steps such as income-tax rate cuts, increased rural infrastructure spending, and job creation measures in the Union Budget this time
Hero MotoCorp has made another higher bottom formation pattern in the daily chart to imply strength and potential to rise further to give a breakout above the previous peak of 2,480
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Competitive intensity, slowdown in construction activities and liquidity issues could make volume recovery difficult
Nestle India gained 4% to Rs 12,266 apiece, surging 7% during current week, after the company reported a 11% year-on-year (YoY) rise in net profit to Rs 438 crore for the quarter ended June 2019.
Net profit surged by 22%, driven by 10% rise in revenue and 119 basis point jump in operating profit margin to 22%
The management remains cautiously optimistic in the medium term of delivering consistent, profitable volume-led growth.
Volume expansion continues to be strong, aiding top line
While margin pressure and pricey valuation are near-term headwinds, volume growth remains healthy
Analysts also expect Pidilite's sales growth in the near-term to be driven by volume
The stock hit a new high of Rs 1,137, up 5% on the BSE, after the company reported a better than expected 57% year on year growth in consolidated net profit at Rs 2.48 billion in March quarter
In past one month, Pidilite Industries has outperformed the market by surging 12% as compared to 1% rise in the S&P BSE Sensex
The stock hit a record high of Rs 924, up 4% on the BSE after Pidilite Industries said that its board will meet on December 26, to consider the proposal to buyback the equity shares of the company.
Grasim, Biocon, Essel Propack, GHCL, Omaxe, Shriram Transport Finance and Supreme Ind have hit 52-week highs
The stock hit an intra-day high of Rs 642, up 4% on the BSE and is trading close to its 52-week high of Rs 648