Stock Market

Indian Share Market Update: FMCG Stocks Incur Losses; Tata Global Beverages, Marico, Jubilant Foodworks Among Losers

Reflecting the overall market opinion, most FMCG stocks in Indian share market were bringing about many losses amid October 4, 2018, session. The Nifty FMCG index was exchanging 2.27 percent down at 28,829 around 1:10 pm.

Godrej Consumer Products (down 5.14 percent), Jubilant Foodworks (down 5.60 percent), United Breweries (down 4.09 percent), Emami (down 4.71 percent), Tata Global Beverages (down 4.06 percent) and Marico (down 4.06 percent) were the washouts in the FMCG record.

Among the top losers in the BSE 500 Index, Jubilant Foodworks (down 5.0 percent) and Page Industries (down 6.1 percent). NLC India Ltd (up 5.5 percent) and NHPC LTD (up 2.6 percent) are among the best gainers today. In the course of the most recent one year, Jubilant Foodworks has climbed from Rs 708 to Rs 1,183, enrolling a gain of Rs 474 (up 67.0 percent).

In Indian share market, Godrej Industries (down 3.74 percent), United Spirits (down 3.34 percent), Dabur India (down 3.29 percent), Britannia Industries (down 2.40 percent), GlaxoSmithKline Consumer Healthcare (down 2.38 percent), Colgate-Palmolive (India) (down 2.26 percent) and Hindustan Unilever (down 2.23 percent), as well, endured critical losses.

ITC (down 1.36 percent) and Procter and Gamble Hygiene and Healthcare (down 0.95 percent) were in the red.

Benchmark NSE Nifty50 record was down 237 points at 10,621, while the BSE Sensex was 735 points down at 35,240.

Jubilant Foodworks net benefit remained at Rs 747 million for the quarter finished June 2018, contrasted with a benefit of Rs 660 million per year back. Net Sales rose 7.5 percent to Rs 8.6 billion amid the period as against Rs 8.0 billion in April-June 2017, according to the report of Equity Master. For the year finished March 2018, Jubilant Foodworks revealed 180.6 percent expansion in the net benefit to Rs 2.0 billion contrasted with the net benefit of Rs 699.0 million amid FY17.

In the Indian share market Eicher Motors, Hero MotoCorp, Reliance Industries, Tech Mahindra and Bajaj Finance were among the failures in the Nifty pack of stocks, according to the report of Economic Times.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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