During the quarter, trends in both urban and rural India have reportedly shown signs of improvement, mainly due to reduction in inflation, which also is also expected to lead to year-on-year gross margin expansion.
Tata Power moved above its 20- and 50-day moving averages on the daily chart. The stock recently emerged above a sloping trendline on the daily time frame, adding to the bullish quotient.
Allsec Technologies (Rs 20 per share dividend), Crisil (Rs 10 per share), Navin Fluorine International (Rs 5 per share), Indian Metals & Ferro Alloys (Rs 5 per share), VIP Industries (Rs 2.5 per share), TCI (Rs 2.5 per share) and Vaibhav Global (Rs 1.5 per share) will go ex-dividend today.
Dabur India had on Wednesday reported a 2.8 per cent year-on-year (YoY) drop in net profit at Rs 490.10 crore for the September quarter compared with Rs 504.40 crore in the same quarter last year.
Shares of packaged goods company, Dabur closed with a 3.54 per cent intraday gain on Thursday. The upward trend in the company's share prices was recorded following its announcement of the acquisition of Badshah Masala.