Emami: Axiom has a range of carbonated beverages that include mocktails and energy drinks. It is also present in the Ayurvedic healthcare juice segment under the Jeevan Ras brand. Sharing about its own manufacturing facility in Ambala, Haryana, the firm said it is also setting up a fully automated new facility in Jammu (Kathua) at a total cost of Rs 160 crore.
In a stock exchange notification, Kolkata-based Emami said the investment was in line with its strategy to invest in the health and wellness segment and would also help the company enter the juice segment. It has acquired a stake in Axiom Ayurveda and its associates.
Antique initiated coverage on IRCON International with a buy rating and a target price of Rs 176. Railway dominated order book which gives revenue visibility.
Manipal Hospitals, the second-largest hospital chain in India, has completed the acquisition of an 84% stake in AMRI Hospitals Ltd. The acquisition is part of Manipal Hospitals strategy to expand its footprint in eastern India and strengthen its presence. The deal, worth Rs 2,400 crore, was finalized after prolonged negotiations and court battles.
Consumer goods companies that have implemented price cuts or promotional offers are experiencing a surge in demand, with sales volumes increasing by up to 25% in certain categories. Parle Products, a leading biscuit manufacturer, achieved a 20% growth in sales volume after offering price reductions. Emami also saw volume growth in categories such as healthcare and pain management due to promotional offers.