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FMCG stocks ease


FMCG stocks were trading with losses, with the S&P BSE FMCG Sector index decreasing 168.93 points or 1.34% at 12436.61 at 13:48 IST.
Among the components of the S&P BSE FMCG Sector index, Prabhat Dairy Ltd (down 3.94%), Hindustan Unilever Ltd (down 2.89%),Varun Beverages Ltd (down 2.84%),Bajaj Consumer Care Ltd (down 2.5%),Future Consumer Ltd (down 2.09%), were the top losers. Among the other losers were Vishwaraj Sugar Industries Ltd (down 1.71%), Emami Ltd (down 1.67%), Cupid Ltd (down 1.53%), Associated Alcohols & Breweries Ltd (down 1.4%), and Advanced Enzyme Technologies Ltd (down 1.34%).
On the other hand, ADF Foods Ltd (up 3.72%), Jyothy Labs Ltd (up 3.53%), and Parag Milk Foods Ltd (up 2.01%) turned up. ....

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Canterbury liquor store baron Harjit Singh sells half his empire


Singh said the sell down was the start of winding up his liquor business, and he would consider his options next year for the six he retained.
“You don’t sell everything at the same time,” he said. “I’m getting old as well and so it’s a good time to wind up and consolidate.”
STUFF/Stuff
Harjit Singh on his way to a hearing at the Employment Relations Authority in Christchurch last year.
The ERA proceedings, the fines and the negative publicity had “upset the whole thing”, and were part of the reason for the sales, he said. ....

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