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Gross margin pressure is expected to sustain, the brokerage maintains sequentially flat margin at ~41% (down +400bps YoY).

A total of 53,342 shares changed hands on the counter till 01:32PM (IST).

On the technical charts, the RSI of the stock stood at 32.92.

A total of 840,370 shares changed hands on the counter till 12:03PM (IST)

Crypto exchange FTX has recovered more than $5 billion in liquid assets but the extent of customer losses in the collapse of the company founded by Sam Bankman-Fried is still unknown, an attorney for the company told a U.S. bankruptcy court on Wednesday.

In the covid era, the government has distributed free food grains to ~ 80 cr poor people. As we come out of covid, the government is expected to bring down food subsidies from Rs 2.7 trillion in the current year to Rs 2.3 trillion next year.

Godrej Consumer Products, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 93213.18 Crore) operating in FMCG sector

The company provides an online technology platform to clients through internet terminals and mobile applications for trading in securities in NSE and BSE, and depository-related services as part of its integrated services offering.

The brokerage models 4% YoY domestic revenue growth, with ~5% domestic volume growth YoY. Three-year volume CAGR at 6%.

The stock quoted a 52-week high price of Rs 1028.75 and low of Rs 656.1.