UNILEVER
Bimaru to boom state: UP will now have a chip on its shoulder
UP is transforming from a low-industrialized state to a booming electronics hub. The state has attracted significant investments, including a semiconductor plant by Foxconn and HCL Group near Jewar airport. Major projects like Samsung's mobile unit and the UP Defence Industrial Corridor are also underway, aiming for a $1 trillion economy by 2027-28.
Large, mid and smallcap stocks that mutual funds bought and sold in August
The mutual fund industry made significant additions to their portfolios with Axis Bank, Ola Electric, and Brainbees Solutions. Conversely, they reduced their stakes in HDFC Bank, Bharti Airtel, and Zydus Lifesciences. For three consecutive months, the major additions in the large-cap segment were Larsen & Toubro, ITC, and Maruti Suzuki, while the primary reduction was in Bharti Airtel.
Stocks to buy today: Havells, ICICI Bank among top 10 trading ideas for September 12, 2024
On the options front, maximum Call open interest (OI) is at the 25,000 strike, followed by 25,500, while maximum Put OI is at 24,500, followed by 24,700. Call writing is observed at the 25,000 and 25,100 strikes, and Put writing at the 24,500 and 24,700 strikes.
Akasa Air appoints Sejal Haribhakti Mody as its Chief Human Resources Officer
Akasa Air has named Sejal Haribhakti Mody as its Chief Human Resources Officer. Previously, she was the HR Head for Supply Chain, Legal, and ESG/Sustainability for South Asia at Hindustan Unilever. Mody will focus on organizational transformation, performance management, and leadership development to support the airline's growth and commitment to employee-centric operations.
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As HUL reviews ice-cream biz, cos line up for a scoop
Hindustan Unilever has set up a committee of independent directors to evaluate the future of its ice-cream business, sparking interest from companies like RJ Corp, MMG Group, and Nestle. Brands such as Kwality Wall's and Magnum contribute about 3% to HUL's annual sales of over ₹60,000 crore.
2 top stock recommendations from CA Rudramurthy BV
So, no doubt we have recovered for last two days, but we are yet to even cross the Friday's high. And if you even see Bank Nifty for that matter, 51,700 on Bank Nifty future was the high made on Friday. We are yet to cross that 51,700.
Congress fires fresh salvo at SEBI Chairperson Madhabi Buch
The Congress party has accused SEBI Chairperson Madhabi Puri Buch of conflict of interest, alleging her consultancy firm earned ₹3 crore, mostly from Mahindra & Mahindra. The party claims Buch's firm remained active despite her SEBI role, raising questions about potential preferential treatment.
HUL's scoop: In a hot market, all scream for ice cream
Several firms are interested in acquiring Hindustan Unilever's ice-cream business, which includes brands like Kwality Wall's and Magnum. HUL is setting up an independent committee to evaluate the future of this segment. The Indian ice-cream market is growing rapidly due to rising disposable incomes and innovative products.
Dr Reddy's issues clarification after Congress alleges company benefited from Dhaval Buch connection, terms allegations 'baseless and malafide'
Dr Reddy's Laboratories has refuted allegations by the Indian National Congress that it benefited from its association with SEBI chairperson Madhabi Puri Buch's husband, Dhaval Buch. The company clarified that Dhaval Buch's engagement ended before Madhabi Buch became SEBI Chairperson and emphasized compliance with all laws. Dhaval Buch was hired for leadership coaching from October 2020 to April 2021, receiving remuneration in line with industry standards.
Mcap of eight of top-10 most valued firms erode by Rs 2 lakh cr; Reliance, TCS biggest laggards
The market capitalisation (mcap) of Infosys tanked Rs 17,061.44 crore to Rs 7,89,819.06 crore and that of Life Insurance Corporation of India (LIC) eroded by Rs 16,381.74 crore to Rs 6,57,009.14 crore
HUL forms panel of independent directors to evaluate prospects of ice cream biz
Hindustan Unilever Ltd's board has decided to form a panel of independent directors to evaluate the prospects of its ice cream business. This follows Unilever PLC's earlier announcement to separate its global ice cream business. The committee will make recommendations to the board, which will then consider the matter in future meetings.
Unilever will probably not hold its high market share in India: CEO Hein Schumacher
Unilever's global CEO, Hein Schumacher, acknowledged that while Hindustan Unilever (HUL) leads in 85% of its categories in India, the company's high market share might not be sustainable due to shifts in consumer behavior towards premium products and modern retail channels. India, which is Unilever's second-largest market by revenue, is experiencing significant premiumization, with consumers increasingly moving from local stores to online and supermarket channels.
Sebi chief Madhabi Puri Buch in trouble. 4 major allegations against 'Unilever wife'
Sebi Chairperson Madhabi Puri Buch faces mounting allegations from various quarters, including Hindenburg Research, Congress, Zee's Subhash Chandra, and internal employee protests. The accusations range from conflicts of interest to fostering a toxic work environment. All parties involved have issued denials or clarifications regarding the claims.
M-cap of 8 of top-10 most valued firms rises Rs 1.53 lakh crore; Airtel, Infosys biggest gainers
Rallying for the ninth straight session on Friday, the 30-share BSE Sensex climbed 231.16 points or 0.28 per cent to settle at an all-time closing high of 82,365.77. During the day, it jumped 502.42 points or 0.61 per cent to hit a record intra-day peak of 82,637.03.
ITC, HUL and Dabur among 11 stocks with buy view from brokerages post Q1 earnings
The FMCG sector experienced top-line growth due to a summer spike, despite challenges from the general elections. The outlook for H2 is positive, with anticipated revenue growth supported by rural recoveries. As sector rotations favor defensives, FMCG stocks are expected to attract investor focus.
Sentiment sours on growth, turns to FMCG for a bounce
Investors recently leaned towards FMCG and consumption-related stocks due to global instability. Analysts noted the sector's appeal amid high valuations elsewhere, although limited short-term gains are expected. Stocks such as Godrej Consumer and Dabur are predicted to deliver moderate returns, with long-term holding recommended for current investors.
A positive break of 24,400 could take Nifty to 24,700: Analysts
Conversely, in case of profit booking, the index might drop to levels around 23,700 or 23,400, say technical analysts. Stocks recommended by analysts for long positions include Alkem, Asian Paints, BPCL, Cipla, HDFC Bank, Hindustan Unilever, BSE, Oil India, and CEAT.
Mcap of 8 of top-10 most valued firms erodes by Rs 1.66 lakh cr; Reliance, LIC biggest laggards
The market valuation of Infosys dived Rs 20,973.19 crore to Rs 7,35,277.28 crore and that of Tata Consultancy Services (TCS) tumbled Rs 19,157.77 crore to Rs 15,30,469.11 crore.
Only 30 smallcap stocks offer double-digit weekly returns in a week marred by uncertainty
During the week, only 30 smallcap companies offered double-digit returns with Century Enka the top gainer (35%), followed by Authum Investment (34.19%), Symphony (33.53%), and Garware Hi-Tech (26%).
HUL, Lux Industries shares gain despite market crash
Glenmark Life Sciences, Hindustan Unilever, and Lux Industries saw their shares rise as Nifty and Sensex dropped over 3% on Monday. Glenmark soared 6.3%, Lux Industries increased 5.5%, and other stocks like Marico and Britannia posted gains. Market volatility persists amid global economic concerns and geopolitical tensions.
Tata Motors, ONGC among top losers as Nifty slips below 24,300 mark
Trading on Monday saw Tata Motors and ONGC shares fall by 5%, causing the Nifty 50 index to drop by 3%. Shares of Hindalco, Mahindra & Mahindra, and Tata Steel also declined. Britannia, Sun Pharma, and a few other stocks managed gains. The market was influenced by global economic concerns and potential US recession indicators.
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