BNP Paribas believes the “valuations still look reasonable” after the Kolkata-based cigarette-to-hotel conglomerate reported cigarette sales volume that grew, in percentage terms, in their mid-teens, while consumer staples and hotels businesses reported all-time-high operating margins of 10% and 31.5%, respectively.
US stocks: S&P 500 notches record-high close as rate-hike worries ease
The S&P 500 has hit a historic peak, largely influenced by a surge in technology stocks. With producer price inflation showing stability, expectations of a
August 13, 2026