HUL shares fall 2% on mixed Q2 earnings, target cuts by brokerages
FMCG major Hindustan Unilever Ltd (HUL) has reported a 4% growth in its standalone net profit at Rs 2,717 crore for the quarter ended September 2023.
Positive Breakout: BPCL and 4 other stocks cross above their 200 DMA
At multi-year highs: Bajaj Auto among 7 stocks that saw 5-year swing high breakout
Big movers on D-Street: What should investors do with Persistent Systems, Dabur and LTIMindtree?
Stocks that were in focus included names like Persistent Systems, which rose 2.26%, Dabur, which gained 1.22%, and LTIMindtree, whose shares jumped 6% on Thursday.
Golden Crossovers: Blue Dart among 3 stocks signaling further bullishness
HUL says inflation no longer a concern with sales & profits growing 4% in Q2
Demand in rural areas has fallen on a two year basis although the pace of decline has reduced significantly over both sequential and from a year earlier, it said.
US 10-year bond yields surge to 16-year high near 5%
The rising US yields along with a stronger dollar can raise India Inc’s overseas borrowing and debt-servicing costs, though economists say India’s strong fundamentals offer protection. US 10-year treasury yields hit 4.98% on Thursday, the highest since 2007.
Nifty recoups most of losses after falling over 100 points
Despite an early dip, the Nifty, however, showed remarkable resilience, rebounding 113 points to conclude the session 46 points down at 19,625. The Sensex, which fell 843 points in the last six trading sessions, closed at 65,629.
Blue Jet Healthcare IPO to open on October 25
Investors can bid for a minimum of 43 shares and in multiples of 43 shares thereafter.
Third wheel gives Bajaj Auto profits a leg up
The domestic 3w volume rose by 80% year-on-year to 1,32,236 units while the total volume dropped by 8.4% to 10.5 lakh units reflecting the weakness in the 2w category where the volume dropped by 18%. The share of 3w in the total volume increased to 12.5% from 6.4% a year ago.