Mon, May 24, 2021 8:00 AM
đź“Š Grasim and Ramco Cements are announcing Q4 results today!
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The broking firm Motilal Oswal still has confidence in Nestle India as it believes the recent reports of the company adding sugar to baby food will not have a “material impact” on the company. The brokerage house has a “Neutral” rating on the stock of Nestle India, with an unchanged target price of Rs 2,400 per piece. It further said that the company has remained focused on volume-driven revenue
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Amid multiple big-ticket events like the beginning of Lok Sabha elections and Q4 earnings season, foreign institutional investors (FIIs) have withdrawn about Rs 20,000 crore in just 4 trading sessions. But the real stress points for FIIs are rising bond yields, Iran-Israel war and a tweak in the India-Mauritius tax treaty. In the last 5 days, Nifty has lost about 3.5% of its value.
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A subsidiary of Indian electronics maker Dixon Technologies has entered into a partnership with China’s Longcheer to focus on the production, manufacturing and distribution of smartphones for global brands. The collaboration aims to enhance Padget Electronics' offerings in the smartphone market, Dixon said on April 19, adding the company would look to leverage the Chinese company’s expertise.
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