As stocks of fast-moving consumer goods (FMCG) companies keep growing, the sector growth has slowed down due to less packaged food consumption among the Indians and slowdown in daily online grocery demand on various digital platforms
The company’s stock was trading around Rs 640 a piece (down 4.9 per cent) during the day trading.
The Sensex was down 676.51 points or 0.84% at 79,825.57 while the Nifty was down 234.50 points or 0.96% at 24,274.80 at noon.
Bank Nifty opened in green territory with an increase of 704 points or 1.35 per cent at 52 872.30 whereas the Nifty Midcap opened at 56149.90, an up of 295.20 or 0.53 per cent increase.
Major sectors such as pharma/biotech (6 per cent), AI-ML (20 per cent) and fast-moving consumer goods (FMCG) (12 per cent) showed positive growth in hiring activity in the month of June, a new report showed on Monday.
Tata Consumer Products Ltd on Saturday said it has received an income tax demand of Rs 171.83 crore for the assessment year 2019-20.
Delhi, Tamil Nadu, Uttar Pradesh, West Bengal, and Karnataka lead with the highest growth in ATM withdrawals for spending in the 2023-24 fiscal year (FY24).
HUL’s sales recorded a marginal increase to Rs 14,693 crore in the fourth quarter as revenue in the beauty and personal care segment fell 2.7 per cent.
All sectors including auto, banks, consumer durables FMCG, healthcare witnessed a positive performance in September.
Adani Wilmar reported a 12 per cent yearly decline in consolidated revenue during April-June 2023 quarter at Rs 12,928 crore.…
