Shares of Marico Ltd. rose 3.81% in intraday trade, the most in over a month, to Rs 579.2 apiece after the company said that the consumer sentiment remained healthy in India business.
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Stocks For Today – 06-10-2021
- Godrej Consumer Products: The company expects to deliver high single-digit sales growth with another quarter of double-digit 2-year CAGR during July-September quarter. It expects operating margins to contract during the quarter driven by a lag between the rise in input costs and increase in end consumer pricing. India sales growth expected to be in double-digit during the second quarter, driven largely by volume growth and calibrated price increases.
Nucleus Software’s Lending Product FinnOne Goes Live In Spain
Shares of Nucleus Software Exports Ltd. rose over 2% in intraday trade to Rs 595 apiece after the company’s flagship lending product, FinnOne in Spain. FinnOne has been supporting Opel Vauxhall Finance in Europe since 2006 with Spain becoming the ninth and the latest European country to go live with FinnOne. OPEL is an automotive finance captive organization, supported by Stellantis and BNP Paribas.
Aarti Industries Shares Rise, RSI Above 70
Shares of Aarti Industries Ltd. rose 4.47 to Rs 1,067 apiece. Trading volume was six-times the 20-day average for this time of the day. The relative …
API Suppliers In Focus; Divi’s Labs, Laurus Labs Advance
Asian vaccine stocks followed their global peers lower, with Shanghai Fosun dropping by as much as 21% in Hong Kong, after Merck & Co. said its experimental antiviral pill cuts the risk of hospitalization and death from Covid-19 in half.
RBI Prepares To File For Insolvency Proceedings Against SREI Infrastructure Finance & SREI Equipment Finance
Reserve Bank of India prepares to file for insolvency proceedings against SREI Infrastructure Finance and SREI Equipment Finance RBI has finalised an administrator to be appointed …
Biocon Gains On Launch Of Generic Version Of Afinitor In The U.S. Market
Shares of Biocon Ltd. rose 1.45% in intraday trade to Rs 370.06 apiece after the company announced the launch of Everolimus tablets, a generic version of Afinitor in the U.S., thereby expanding its generic formulations portfolio.