The anti-mosquito incense sticks business is currently a Rs 1,200-crore market that’s crowded by unorganised players. The company hopes to gain market share in the category because consumers will prefer to buy a safer Godrej product over that of some unorganised player.
The stock hit an all-time high of ₹900 as the company s market capitalisation rose to ₹5.64 lakh crore, crossing the listing day market value of ₹5.53 lakh crore.
The private life insurance industry in India achieved a strong growth of 19.8% YoY in Retail APE during October 2023. However, the total industry growth was muted due to a decline in LIC s APE. Emkay Financial Services continues to prioritize private listed life insurance players.