After Ambani s buy 1 get 1 offer for shareholders of Reliance Industries (demerger ratio of 1:1), investors were expecting ITC also to opt for a 100% vertical split. But ITC management chose to keep 40% ownership with itself and give away the remaining 60% to existing shareholders.
The months of July and August cumulatively account for two-third of the monsoon received in India during a year and promising IMD predictions give hope
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Shares of Tata Consumer Products have been in the focus of late after the stock got admitted to the flagship Nifty50 index on March 31 as part of the index rejig. On a year-to-date (YTD) basis, the stock has managed to beat both the Nifty50 and Nifty FMCG index in terms of returns. The Tata group stock has gained 8 per cent as against Nifty s 5 per cent and 2 per cent up move in the Nifty FMCG index during this perios, ACE Equity data show. In the FCMG pack, the stock is among the select few that have offered high single-digit or double-digit returns during the same period, performing better than 70 per cent of its peers.