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Godrej Consumer Products saw its shares drop 4.5% following a 5.8% year-on-year fall in standalone net profit for the June quarter. Despite this, revenue rose by 7.9%. Analysts have increased target prices up to Rs 1,715, and the company plans a Rs 500 crore investment in the pet care segment over five years.

As of 30-Jun-2024, promoters held 0.0 per cent stake in the company, while FIIs held 34.36 per cent and domestic institutional investors had 42.31 per cent.

The stock quoted a 52-week high price of Rs 3058.95 and a 52-week low of Rs 1759.2.

The Nifty Realty index closed 1.83 per cent up at 1018.95.

Life Insurance Corporation of India (LIC) released its Q1 results, revealing anticipations of a 9-33% annual premium equivalent (APE) growth and a 37% boost in value of new business (VNB). Yes Securities estimated APE at Rs 12,705 crore and VNB at Rs 1,780 crore, showing significant year-on-year increases.

The Relative Strength Index of the stock stood at 72.89 on Thursday.

Shares of Apollo Tyres dropped by 3% after it reported a 24% decline in net profit to Rs 302 crore for Q1 FY25, attributed to lower sales and higher raw material costs. Despite a 1.4% increase in revenue, EBITDA fell by 13.5%.

​Yes, somebody who is in the value part can change merchandise and still do very well, so that remains to be seen. But we are not for value. I think roti, kapda, makan kind of stuff is completed for India. Whatever is left will be done over the next two-three years. So, if you see volume growth in the base categories, they are tending towards zero very quickly. Premiumisation is the story.

InCred Equities shared stock picks to navigate the fluctuating Indian equity market. Large-cap suggestions like HDFC Bank and Maruti Suzuki highlight major plays, while small-cap recommendations include Aditya Birla Sunlife AMC and BCL Industries. The list aims to offer potential high returns despite market volatility.

Aesthetik Engineers Jewels opened its SME IPO to raise Rs 26.47 crore by issuing 45.48 lakh fresh equity shares at Rs 55-58 per share. The company, known for facade systems, reported Rs 60 crore in revenues for the last fiscal year. The IPO closes on August 12 and is expected to list on August 16.