Kotak has increased weights by 20 bps on Britannia Industries and GCPL to 1.5% each while reducing weight on Macrotech by 40 bps to 1.5%, it said in a note. A sharp increase in profitability over 2HFY23-1QFY24 has sustained valuations of consumption-related stocks despite volume growth remaining “fairly disappointing”, the Kotak note said.
RITES shares rally over 12% as stock trades ex-dividend, ex-bonus
RITES Share Price: The company announced a final dividend of Rs 5 per share and a 1:1 bonus share issue earlier in July for its