The FMCG major Godrej Consumer Products’ share price rose 2.4% to the day’s high of Rs 1,187.90 after Nuvama retained its Buy rating on the stock following a pre-quarterly business update. The stock is now almost 23% away from its 52-week high of Rs 1,541.85. Nuvama on Godrej Consumer Products: Business update in line with
By Anand James Nifty has now fended off multiple attempts to set off on a downside spiral, with momentum fizzling out on every attempt to scythe through the 23000 support. Clearly, the market is clinging to some hope, as the budget announcement is near. It is noteworthy that 67% of the time in the last 12
The full-service stock broker Anand Rathi is all set for Diwali 2024. The brokerage has selected a pack of stocks to invest in Samvat 2081. The brokerage firm has picked five stocks to lighten up Samvat 2081. Here are the top picks of Anand Rathi: Interglobe Aviation InterGlobe Aviation, known as IndiGo, is India’s leading
Earnings disappointment and Chinese stimulus has seen foreign investors taking out money from India. But Sankaran Naren is also worried about investors’ overenthusiasm in the derivatives market. He tells FE that the RBI is unlikely to cut rates in December if growth rates don’t go down materially. Excerpts: After a wonderful run of almost five
By Siddharth Vora When you’re driving a car and approach a bumpy road, you shift to a lower gear to gain better control. This helps you maintain a slower, more manageable speed, making it easier to handle bumps and obstacles safely. On the highway, though, you shift into a higher gear for better fuel efficiency
As Dhanteras approaches, gold buyers are reflecting on a prosperous year, with those who purchased the yellow metal on last year’s Dhanteras, November 10, 2023, enjoying returns of around 30%. Despite this substantial rise, experts predict further upside potential, with gold prices expected to reach Rs 87,000 per 10 grams by next Dhanteras, reflecting an
The highly anticipated mega Swiggy India IPO, backed by SoftBank, is set to open for public subscription on November 6, with the window closing on November 8. Through this IPO, Swiggy plans to raise approximately R 11,300 crore. The price band for Swiggy’s IPO has been set between Rs 371 and Rs 390 per share
Go to Live UpdatesWaaree Energies Share Price today Live: Waaree Energies’ shares continued to climb for the second consecutive day after a strong market debut on Monday, reflecting strong investor interest. The stock closed its first day at Rs 2,345 on the NSE, representing a 56% premium to its IPO price of Rs 1,503, and
If you bought Sovereign Gold Bond (SGB) 2019-20 Series V in October 2019 and are planning to sell it prematurely, i.e., before the completion of 8 years, you can do it now. From 15 April 2025, the facility for premature redemption of bonds of this series is available. The government has fixed the redemption price
Go to Live UpdatesAll eyes are on Wipro Q4 results now. According to brokerage firms and analysts, Wipro is likely to see flat revenue growth amid continued softness in segments such as Energy, Manufacturing and Resources. However, a slight boost is expected in verticals such as BFSI (banking, financial services and insurance) and Healthcare. Wipro
In times of market volatility, where global trade uncertainties often make an investor check the pockets, the brokerage firm Motilal Oswal has identified five high dividend-paying companies that not only offer consistent payouts but also boast fundamentals and cash-rich balance sheets. According to Motilal Oswal’s latest report, “With markets being volatile due to global trade
The high interest rate regime seems to be over in the country with the RBI slashing its repo rate, at which it lends to commercial banks, by 50 basis points (bps) this year. The key benchmark lending rate of the central bank now stands at 6% after last 25 bps cut on April 9, 2025.
The possibility of more price hikes is not over yet within the domestic fast-moving consumer goods (FMCG) space even as prices of key agri commodities remain firm.While crude oil and its derivatives such as titanium dioxide and linear alkyl benzene (LAB) are benign for now, and so is soda ash, which is down nearly 17%
