Latest Stock Market News

According to Tushar Bohra, a new cycle has started in industries such as defence, capital goods, manufacturing and railways, while a fresh cycle has begun in pharma and will start in IT soon. Valuations remain attractive in infrastructure for potential long-term investment opportunities. Bohra suggests that it is time to be selective and conduct thorough research into fintech and consumer tech stocks as some franchises are showing strength, whilst it is not necessarily the time to act across the board in these sectors.

Oil prices have fallen to $78 per barrel, below the level recorded when OPEC+ announced production cuts back in April. The fall reflects fears over a US recession, with strong production and exports from Russia supplying India and China with record volumes of Russian oil. While the price fall may not immediately affect consumer fuel costs, it will benefit global economies fighting inflation. State oil companies will also benefit, after having absorbed oil price losses for the past year. Falling crude prices will also bring down domestic natural gas prices, which are indexed to Brent.

The company is focused on prudent capital allocation, UV differentiation & EV proactiveness.

A total of 164,629 shares changed hands on the counter till 02:04PM (IST)

As of 31-Mar-2023, promoters held 63.21 per cent stake in the company, while FIIs held 23.72 per cent and domestic institutional investors had 3.88 per cent.

The stock quoted a 52-week high price of Rs 788.9 and a 52-week low of Rs 583.05.

​This year we need to secure the guidance number that we have talked about and of course, the intent will always be to try to exceed the number.

Gold prices rose on Thursday due to a weaker dollar and investor caution ahead of US economic data to assess the health of the economy. June gold futures were trading at Rs 60,201 per 10 gm on MCX, up by Rs 308 or 0.51%. The May Silver futures were trading at Rs 75,671 per kg, up by Rs 686 or 0.91%. Meanwhile, Comex gold futures rose by $14.4 per troy ounce or 0.72% to $2,010.4, while silver futures increased by $0.289 or 1.16% per troy ounce to $25.165.

The potential deal will give Godrej Consumer a bigger play in the men’s personal care and sexual wellness categories. The Singhania-family-owned Raymond group has been looking to divest its consumer care business for over two years now, since the group believes this is a non-core business in its portfolio, the report further stated.

HUL Q4 Results: Co has reported a 10.9% rise in revenue to Rs 14,638 crore. CEO Saniv Mehta says HUL has remained focused on maintaining margins and a healthy medium- to long-term growth. While the company has delivered strong performance in harsh conditions, market volumes are expected to recover gradually, he adds.