CCL Financial News

FMCG) companies during Q1 have highlighted continued signs of rural recovery, boosting volume growth, according to domestic brokerage Axis Securities, following the April-June (Q1FY24) earnings season. Companies have indicated that volume growth is anticipated to pick up gradually, the brokerage added, even though a full recovery in rural areas would take a few more months. Due to the stability of the pricing of essential raw materials such as palm, packaging, and petroleum, most companies have shown sequential improvement in their gross margins.

Relative Strength Index (RSI). On September 27, Wednesday, StockEdge unveiled that the RSI of several stocks was trending downwards, a signal that caught the attention of astute investors. In this article, we will explore the significance of RSI and delve into 10 stocks worth watching as their RSI trends down. The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements.

By Walter Bianchi and Eliana Raszewski

major stocks showcased noteworthy performance by surpassing their 100-day SMA.Let's explore the performance of these stocks. (Data Source: StockEdge)1. SISSIS Limited is a prominent security services and facility management company.

Sensex fell nearly 670 points or over 1% at 66,933.52, dragged by HDFC Bank and Reliance Industries (RIL). The broader S&P BSE 500 index was trading at 27,712.32, down 205.65 points or 0.74% The market breadth skewed in favour of bears with 350 stocks trading with declines. The top gainers in the BSE 500 pack around 11:50 am were Blue Star (15%), SJVN (5.53%), Apar Industries (4.98%), Varroc Engineering (3.82%) and Mahindra & Mahindra Financial (3.80%) while the top losers were CCL Products India (4.52%), Heidelberg Cement (4.19%), Jindal Stainless (4.04%), Kalyan Jewellers (3.99%) and HDFC Bank (3.83%). Indian shares fell amid negative global cues as Street awaits the Federal Reserve's Federal Open Market Committee (FOMC) policy outcome.

midcap and smallcap indices, outperformed largecaps by notable margins in the month of August 2023. During the month, sector rotation was visible in the market in which media, IT, and pharma indices delivered positive returns while banks, financial services, energy, commodities, and PSU banking indices witnessed weakness.

Reliance IndustriesShares of Reliance Industries Ltd (RIL) will be in focus today ahead of the company's AGM.

₹10 to Re 1 on August 11, 2023. Here we list out details in regard to the some of the dividend stocks: RITES Ltd: The company has declared an interim dividend of ₹3.7500. It will trade ex-dividend on August 7, 2023.

Market wrap: Sensex, Nifty hit record highs on gains led by Infosys, RIL; mid, smallcaps underperform Here is the list of stocks who are top gainers and losers during July 18 trading session: Top gainers: Infosys Ltd (up 3.73%), Asian Paints Ltd (up 1.51%), HCL Technologies Ltd (up 1.07%), Reliance Industries Ltd (up 0.98%), and ICICI Bank Ltd (up 0.59%).  Top losers: State Bank of India Ltd (down 1.36%), Titan Company Ltd (down 1.32%), Bajaj Finance Ltd (down 1.29%), Tata Motors Ltd (down 1.19%), and Sun Pharmaceutical Industries Ltd (down 0.98%). Top gainers: Infosys Ltd (up 3.73%), Asian Paints Ltd (up 1.56%), HCL Technologies Ltd (up 1%), Reliance Industries Ltd (up 0.93%), and Hero MotoCorp Ltd (up 0.82%).

top gainers and losers during July 17 trading session: Top gainers: State Bank of India Ltd ( up 2.81%), Wipro Ltd (up 2.54%), Reliance Industries Ltd (up 2.10%), HDFC Bank Ltd (up 2.07%), and Kotak Mahindra Bank Ltd (up 1.45%).  Top losers: Tata Motors Ltd (down 1.02%), Bharti Airtel Ltd (down 0.89%), Titan Ltd (down 0.70%), JSW Steel Ltd (down 0.66%), and Mahindra & Mahindra Ltd (down 0.57%).  Top gainers: State Bank of India Ltd (up 3.01%), Wipro Ltd ( up 2.68%), Dr. Reddy's Laboratories Ltd (up 2.52%), Grasim Industries Ltd ( up 2.33%), and HDFC Bank Ltd ( up 2.06%).

stocks reached new 52-week highs. Companies like Birlasoft and Can Fin Home showcased their market strength and growth potential, while others such as CCL Products, Esab India, Exide Industries, Great Eastern Shipping, Glenmark Pharma, JBM Auto, and KEC International also achieved notable milestones. The data was sourced from BSE at 1:40 pm, and the updates from the real-time data could come with a lag.

Tata Consultancy Services (TCS), HCL Technologies and Wipro have already declared their Q1 results earlier this week. Companies such as Bandhan Bank, JSW Energy, Tata Steel Long Products, Unichem Laboratories and Just Dial will announce their Q1 results today.

Bank NiftyBANK NIFTY continued to underperform the broader markets with sharp profit booking in PSU bank index as it made a double top near 4500 levels.The weekly candle has turned negative and the positive momentum will be above 45,000 levels only and lower top confirms further weakness.On the downside support is placed near the 20 day SMA of 44,350 levels and can witness some bounce from the lower part of the range.Highest call OI is at 45000 strike while on the downside the highest put OI is at 44,500 for the weekly expiry.Wipro Ltd reported a dollar revenue decline of 2.1% in the June quarter, after Tata Consultancy Services (TCS) Ltd and HCL Technologies Ltd posted tepid numbers earlier, stoking growth concerns in India’s $245 billion IT services industry this fiscal year.Worryingly, Wipro has forecast that its revenue could contract again in the September quarter. The country’s fourth-largest IT services firm estimates revenue could fall by 2% or improve by 1% in constant currency terms.

BSE SmallCap stocks showcased exceptional performance on Tuesday, July 11 as Apollo Tyres, Bombay Burmah Trading Corp, KIMS Hospitals, CCL Products, Chalet Hotels, IIFL Finance, Kalyan Jewellers, Manappuram Finance, and Mazagon Dock Shipbuilders reached new 52-week highs. The data was sourced from BSE at 1.15 pm, and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.1. Apollo TyresAutomotive tyre manufacturer Apollo Tyres soared to new heights as its stock reached a 52-week high of Rs 433.15.2. Bombay Burmah Trading CorporationDiversified conglomerate Bombay Burmah Trading Corp achieved a significant milestone by hitting a 52-week high of Rs 1,159.85.

Q1 results 2023: Company results season for first quarter of the current financial year is going to kick-start on 12th July 2023 with the declaration of Q1 results by Tata Consultancy Services (TCS) followed by HCL Technologies. After announcement of earnings by these IT majors, other IT giant Wipro will declare Q1 results this week on 13th July 2023. Other major companies that are going to declare Q1 results for the financial year 2023-24 are Tata Steel, Federal Bank, Avenue Supermart and Rallis India.

BSE SmallCap Index witnessed a remarkable surge today as several stocks hit new 52-week highs, reflecting the strength and potential of small-cap companies. Noteworthy companies such as Ahluwalia Contracts, Anand Rathi Wealth, The Anup Engineering, Black Box, Bombay Burmah Trading Corp, CCL Products, Century Textiles & Industries, Chennai Petroleum Corporation, Coforge, and Datamatics Global Services achieved significant milestones. The data was sourced from BSE at 1.30 pm, and the updates from the real-time data could come with a lag.