Nestle India: The FMCG major on Tuesday reported a 14.6 per cent year-on-year (YoY) growth in its net profit at Rs 602 crore for the quarter ending March 2021. It was Rs 525 crore in the year-ago period.
Future Retail, Future Enterprises: The Reserve Bank of India (RBI) mandated KV Kamath committee has approved banks proposal to restructure loans to Future Retail and Future Enterprises the two main arms of the Kishore Biyani-led group, a media report said.
Earnings Today: Cyient, Tata Elxsi and 10 other companies will release their quarterly earnings on April 22.
Voltas: Life Insurance Corporation of India acquired 46,000 equity shares or 0.02 per cent of paid-up equity in Voltas on April 19. LIC had increased its stake in the company to 5.01 per cent from 4.99 per cent earlier.
Read more about Dilip Buildcon launches QIP issue on Business Standard. Dilip Buildcon launched its qualified institutional placement (QIP) of shares on 20 April 2021 at a floor price of Rs 568.41.
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NEW DELHI: Nifty opened gap up on Tuesday, but saw a steady decline through the session to form a long bearish candle similar to that of a Bearish Belt Hold pattern for the day. The candle had a small lower shadow and no upper shadow as the opening level was the day s high.
Mazhar Mohammad of Chartviewindia.in said, Unless Nifty swiftly registers a close above 14,300, the possibility of slipping towards 13,950 remains higher. In case the bulls manage a close above 14,300, a sideways move with slightly positive bias can be expected. Upsides for time being remain capped at 14,530 level.
Tata Steel, Asian Paints among 21 stocks sending out weak signals on MACD charts
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Data showed 21 stocks are showing bearish trends. They included Tata Steel, Biocon, Asian Paints, Dr Lal Pathlabs, Hindustan Unilever, Britannia Industries, Nestle India and Shree Cement.
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Take Solutions, Inox Wind, Advanced Enzyme, Whirlpool of India, Heritage Foods, Insecticides, TVS Srichakra and Lovable Lingerie are some other stocks, which look strong on the MACD indicator. These stocks went up to 18 per cent higher so far.
NEW DELHI: Even as a host of largecaps including Hindustan Unilever, Asian Paints, Tata Steel and Nestle India are showing signs of weakness, over two dozen small and midcap stocks are looking strong on momentum oscillator MACD or moving average convergence divergence.
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MUMBAI: Local investors HDFC MF, LIC of India, Nippon MF, Darashaw and Trust Capital are in talks with Mumbai-based Shrem group, which is set to launch an infrastructure
investment trust (InvIT) of Rs 600 crore via an initial public offer, two people with knowledge of the matter told ET.
The company will also raise about Rs 3,500 crore loan from the State Bank of India at a rate in the range of 7-7.35 percent with 15-year maturity as it seeks to repay existing high-cost debt. Final sanction for the loan is awaited.
“Shrem has reached out to many investors that are currently in discussions,” said one of the persons cited above.