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Marico shares gain 4.5% on heavy volumes despite sour market sentiment

Money Control

Money Control · 11m ago

Marico shares gain 4.5% on heavy volumes despite sour market sentiment

FMCG company Marico saw a surge in its stock price, rising over 4.5% on heavy volumes. With over 57 lakh shares traded, more than double the one-month average, the stock closed at Rs 668.75 on the NSE. Analysts suggest Marico may have strong support at Rs 628, and a close above Rs 665 could lead to targets of Rs 691-727 in the near term. Despite the recent increase, Marico shares have underperformed the Nifty 50 index, rising only 13% compared to the index's 30% jump over the past year.

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FMCG cos may report low-to-mid single-digit volume growth in Q4

Livemint

Livemint · 1y ago

FMCG cos may report low-to-mid single-digit volume growth in Q4

FMCG demand sentiment in India remained consistent in the fourth quarter, with urban and rural consumption trends converging. Marico expects a slight uptick in volumes for its India business during this quarter, while Godrej expects high-single digit volume growth. Dabur warns of sluggish demand trends. Analysts predict low-to-mid-single-digit volume growth driven by urban markets. The impact of high inflation on consumption is a concern, particularly in the mass segment. However, analysts anticipate a rebound in volume growth in the coming months. QSRs are expected to report muted demand.

Zomato shares rally 6% to hit a fresh all-time high

Inshorts · 8m ago

Zomato shares rally 6% to hit a fresh all-time high

Zomato shares extended gains for second consecutive day and jumped over 6% during the intraday trading session till (December 5) to hit a fresh all-time high at ₹304.50 apiece on the BSE. The surge of stock price came on the back of heavy volumes, with over 5.84 crore equity shares worth ₹1,770.06 crore on the BSE and NSE.

Our aspiration is to get into double-digit revenue growth: Marico

Livemint

Livemint · 1y ago

Our aspiration is to get into double-digit revenue growth: Marico

Indian consumer goods company Marico reported a 3% increase in volumes for its India business in the March quarter. The company aims to improve its top-line in the coming quarters after experiencing price cuts in its Saffola edible oil portfolio. Marico plans to enhance its direct distribution in rural markets and expand its presence in urban areas. The company also intends to focus on the premium end of its value-added hair oil portfolio and aims to achieve double-digit revenue growth in the future. Furthermore, Marico has set targets to double its food, premium personal care, and digital-first brands over the next three years.

Ola Electric Soars 18% On FY26 Guidance, Auto Segment's EBITDA Profitability Ola Electric Soars 18% On FY26 Guidance, Auto Segment's EBITDA Profitability

Inc42 · 25d ago

Ola Electric Soars 18% On FY26 Guidance, Auto Segment's EBITDA Profitability Ola Electric Soars 18% On FY26 Guidance, Auto Segment's EBITDA Profitability

Ola Electric's shares surged 18% after announcing Q1 FY26 results, marking improved sequential financial performance despite a widened net loss of INR 428 crore, up from INR 347 crore in the previous year. The company's market capitalization reached INR 19,963 crore, with over 42 crore shares exchanged by mid-day trading. The significant stock jump indicates positive market sentiment despite losses, reflecting confidence in Ola Electric's future outlook in the electric vehicle segment.

ONDC retail orders hit fresh peak of 30,000 despite lower spends on incentives

Money Control

Money Control · 2y ago

ONDC retail orders hit fresh peak of 30,000 despite lower spends on incentives

Despite a reduction in spending on incentives, ONDC Retail has achieved a new peak with 30,000 orders. The startup, which focuses on retail commerce, has experienced significant growth in customer demand. This success indicates that customers are attracted to ONDC's offerings even without heavy incentives. The achievement showcases the startup's ability to deliver value and maintain high order volumes.

Marico sees single-digit drop in Q3 revenue

Livemint

Livemint · 1y ago

Marico sees single-digit drop in Q3 revenue

Marico, the maker of Parachute oil, reported a decline in consolidated revenue for the December quarter, although operating profit experienced growth. The company expects a low single-digit increase in domestic volumes, driven by improved demand in urban markets. Marico also mentioned concerns over tepid demand in rural India for consumer goods. However, they expressed optimism for gradual growth in consumption trends in the upcoming year. Marico's international business achieved mid-single digit growth, and they implemented measures to improve returns on investment in their distribution channels.

ArisInfra Ends First Trading Session 22% Below IPO Price

Inc42 · 1m ago

ArisInfra Ends First Trading Session 22% Below IPO Price

ArisInfra Solutions, a real estate tech company, ended its first trading session on the BSE with shares down 21.6% from its IPO price, closing at INR 174.10 compared to the issue price of INR 222. Despite a flat grey market premium and overall positive market activity, the stock experienced weak investor sentiment. The company's market capitalization closed at $164 million (INR 1,411.1 crore) compared to the IPO valuation of $209 million.

Market Veteran Sunil Singhania on Post Poll Rally, Midcap Valuations, PSUs & the Big Themes to Watch

Money Control

Money Control · 1y ago

Market Veteran Sunil Singhania on Post Poll Rally, Midcap Valuations, PSUs & the Big Themes to Watch

Sunil Singhania, a market veteran, discusses the post-poll rally, midcap valuations, PSUs, and the big themes to watch in the Indian market. Despite concerns of an exuberant rally, the recent election outcome has not had a significant impact on market sentiment. Indian markets have been rising and are at record highs, prompting optimism for further upside potential. Singhania shares insights on whether India is on track to become a $20 trillion economy. Watch the interview for more details.

Promoters, early backers of Ather Energy eye strong gains through IPO

Economic Times

Economic Times · 3m ago

Promoters, early backers of Ather Energy eye strong gains through IPO

Promoters and early investors in Ather Energy, including Tiger Global and GIC, are set to gain significantly from its upcoming IPO. While Ather has reduced its IPO size due to market conditions, it will still see founders and major investors offloading shares. Ather focuses on investments in product and technology rather than asset-heavy areas like cell manufacturing, which are prone to technological volatility. The company reported a revenue increase and reduced losses, showcasing strong financial performance.

New-Age Tech Stocks Rally On Bull Run In Broader Market; Mamaearth Biggest Loser This Week

Inc42 · 1y ago

New-Age Tech Stocks Rally On Bull Run In Broader Market; Mamaearth Biggest Loser This Week

Indian new-age tech stocks experienced a surge this week, driven by positive market sentiment. Investors are optimistic about the easing cycle as the country anticipates a normal monsoon. Industrial production data from India, China, and Eurozone inflation will be closely watched to gain insights into the economic outlook. In the run-up to the Budget, market volatility may increase. Paytm shares gained, but there is no clear trend currently. Nykaa shares have been range-bound, with an immediate support level at INR 167. Top gainers among new-age tech stocks include TAC Infosec and Yudiz.

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