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Nestle India Chairman and Managing Director Suresh Narayanan said it is the highest growth for the company in a quarter in the last 10 years after excluding the exceptional quarter in 2016 which was off a low base in 2015. The Maggi maker said the company is witnessing early signs of softening of commodities such as edible oils, wheat and packaging materials.

IndiGo among 6 stocks that signal bearishness on April 25

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Promoters held 10.15 per cent stake in the company as of 31-Mar-2023, while FII and DII ownership stood at 47.71 per cent and 29.78 per cent, respectively.

The stock traded at a P/E multiple of 10.1, while the price-to-book value ratio stood at 1.06.

I would say that both these stocks can give you moderate returns from here, but definitely the momentum currently seems to be more in favour of ITC than HUL.

The Nifty IT index was trading 0.16 per cent up at 27056.7.

While foreign brokerage Jefferies has maintained a ‘buy’ rating on the Lodha Group company estimating a 35% upside, domestic brokerage HDFC Securities has left the price unchanged. Meanwhile, ICICI Securities has slashed the target price while cautioning for headwinds. Should you buy, sell or hold this stock?

The stock quoted a 52-week high of Rs 1509.25 and a 52-week low of Rs 1047.7.

Cyient shares have gained nearly 10% in the last three trading sessions. The rally was also on the back of strong Q4 earnings posted by the company on April 20, Thursday. The uptrend is likely to sustain going ahead, aided by strong technicals.