Britannia Industries Q3FY23 consolidated revenue grew 17% y-o-y to `4,200 crore, but was a bit below our forecast and Bloomberg consensus estimate. Continued execution of its go-to-market (GTM) strategy along with investments in brands and product innovations can be attributed to strong Q3 growth. Share gains in core portfolio continue: Strategic focus on expanding rural […]
Indian benchmark indices are likely to open in red amid weak global cues. SGX Nifty hinted at a negative start for the domestic share market as Nifty futures were trading 66 pts lower at around 18,166 levels on the Singapore exchange. “We expect the prevailing consolidation to continue in the index citing mixed global cues […]
The rupee appreciated 6 paise to close at 82.70 against the US dollar on Tuesday, as a weak American currency against major rivals overseas boosted investor sentiments. However, muted domestic equities, unabated foreign capital outflows and rising crude prices restricted the rupee’s rise, forex dealers said. It finally settled at 82.70, up 6 paise over […]
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