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The stock quoted a 52-week high price of Rs 2784.95 and a 52-week low of Rs 1733.3.

Glenmark Life Sciences, which was spun off from Glenmark Pharmaceuticals in 2019 to focus on the API business, posted revenue from operations of 5.41 billion rupees, up 3.5% from the previous year.

Colgate-Palmolive (India), incorporated in the year 1937, is a Large Cap company (having a market cap of Rs 39470.56 Crore) operating in FMCG sector.

Supreme is market leader in plastic piping segment with ~15% market share. Robust balance sheet with average RoE, RoCE of 25%, 26%, respectively.

Strong innovation & premiumisation strategy in salt, tea, Sampann & Soulful in the Indian market are expected to drive sales & margins.

The capital expenditure target can be raised to Rs 9-9.5 trillion from Rs 7.5 trillion set for FY23. It will significantly improve the infrastructure spending and enhance the business for other elide sectors such as cement, metals and capital goods.

The Relative Strength Index of the stock stood at 27.32 on Friday.

Its revenue from operations rose 3.3% YoY to Rs 9,315.14 crore whereas EBITDA increased by a sharp 29.4% YoY to Rs 1,777 crore and margins expanded by a whopping 386 basis points to 19.07%.

Over the medium term, as the company targets further growth in annual sales bookings, a strong business development pipeline and expansion into Pune and Bengaluru markets remains key.

Promoters held 38.17 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 16.72 per cent and 4.58 per cent, respectively.