Shares of Hindustan Unilever (HUL) fell over 3% to the day’s low of Rs 2,487 on Saturday following its December quarter earnings where the fast-moving consumer goods (FMCG) sector bellwether reported disappointing earnings on Friday. The commentary by a couple of brokerages was uninspiring for investors with CITI reiterating an ‘Equal Weight’ rating, while Nuvama … Read more
Equity indices rebounded after three days of losses amid a firm trend in global markets. The 30-share Sensex jumped 496 points to settle at 71,683.23 and the Nifty climbed 160 points to end at 21,622. Stocks that were in focus included names like Metro Brands, which fell 3.84%, HUL, which rose 0.78%, and Titan, whose … Read more
Hindustan Unilever Ltd (HUL) is expected to report muted numbers for the quarter ended December in the backdrop of weak volume growth, price cuts, and rising advertising costs. India’s bellwether in the fast-moving consumer goods sector is expected to report a 6% year-on-year (YoY) growth in net profit to Rs 2,653 crore, on the back … Read more
Various widely tracked companies like Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. Here’s a list: January 15Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, … Read more
The upward trend of Nifty is expected to persist in the near term, but the index may encounter resistance around 21,800-21,850 levels. Technical analysts suggest that a definitive move above 21,850-21,900 is necessary to unlock the next upside target of 22,200. Analysts recommend stocks like Axis Bank, Canara Bank, Divi’s Labs, Cipla, Coforge, Infosys, ITC, … Read more
Abhay Agarwal, Founder & Fund Manager, Piper Serica, says “outsourced manufacturing as a concept is here to stay and it will reward large players. While there is nothing wrong with branded players like Voltas or Blue Star, we would like to back very efficient, large and getting larger manufacturers like Dixon and Amber purely for … Read more
