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The week that was: Sugar & healthcare stocks surge; metal counters lose sheen

The week that was: Sugar & healthcare stocks surge; metal counters lose sheen SECTIONS Share Synopsis For the week, the benchmark BSE Sensex shed 473.93 points or 0.96 per cent to settle at 48,732.55, whereas the broader NSE Nifty 50 barometer declined 145.35 points or 0.98 per cent to 14.677.8. Better-than-expected readings on CPI and industrial production, and in-line Q4 earnings reports failed to lift investors sentiment on Dalal Street. Related NSE Explore Now NEW DELHI: Domestic equity markets saw rangebound trade with a negative bias last week amid mixed cues. The holiday-truncated week was affected by concerns about rising US inflation, issues related to the supply of vaccines and surging Covid-19 infections in India, which led to the extension of lockdowns in the majority of the states. Better-than-expected readings on CPI and industrial production, and in-line Q4 earnings reports failed to lift investors sentiment on Dalal Street.

gcpl: Street bets on GCPL s rise under new CEO - The Economic Times

Street bets on GCPL’s rise under new CEO With very few value picks remaining in the listed FMCG space, the market is lapping up any opportunity that presents itself and GCPL offers one right now. Synopsis Even as most of the FMCG companies outperformed the bourses in recent years, GCPL has been an under-performer. For instance, while stocks of most frontline FMCG companies are trading at or near their record highs, the GCPL stock was trading nearly 30 per cent below its record high hit in 2018 before the new CEO announcement. Mumbai: It is rare for a stock to jump more than a fifth of its value in a single day on the back of the announcement of the appointment of a new CEO. In a market hungry for positive triggers and value picks, it becomes possible.

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