Experts Financial News

Chicken seekh kabab is the most tried plant-based meat product followed by popcorn chicken, chicken samosa and chicken biryani, while soy milk is the most tried plant-based dairy product, followed by almond milk and oat milk, found a study on consumer awareness about alternative proteins, carried out by the Good Food Institute India (GFI India). GFI India, the central expert organization and convening body in the alternative protein sector, in collaboration with Kantar World Panel, unveiled a new study on consumer awareness, trial, and purchase behavior for plant-based meat and dairy today. «Coinciding with the global phenomenon of Veganuary, which inspires millions to try plant-based diets every January, the report sheds light on the evolving landscape of consumer adoption of plant-based alternatives to meat and dairy. With 377 products spanning 41 formats and 73 brands, the sector has witnessed rapid growth over the past few years, presenting consumers with an array of choices in plant-based meat, dairy, and egg categories,» said GFI in a media release.

In a world increasingly fraught with risks, leading near-term concerns are shifting to the dangers of technology and related problems like the spread of disinformation, and away from economic worries, according to an annual survey of policymakers, industry leaders and experts on risk conducted by the World Economic Forum. The survey of more than 1,400 experts and leaders, released on Wednesday ahead of the WEF annual meeting in Davos next week, points to a moderately risky global environment through 2026 that deteriorates significantly over the coming decade.

Colgate-Palmolive (India) Ltd. slipped 1.82 per cent to Rs 2401.1 in Wednesday's trade as of 02:05PM (IST). The stock hit a high price of Rs 2439.9 and low of Rs 2386.85 during the session.

Capital markets regulator Sebi has kept in «abeyance» the proposed Rs 1,500 crore Initial Public Offering (IPO) of Asirvad Micro Finance, a subsidiary of listed NBFC Manappuram Finance. However, the Securities and Exchange Board of India (Sebi) did not clarify further. Reacting to the development, shares of Manappuram Finance plunged as much as 7.45 per cent to a low of Rs 163.40 apiece on the BSE on Wednesday.

Tube Investments of India Ltd. rose 0.3 per cent to Rs 3800.0 in Wednesday's trade. It hit an intraday high of Rs 3898.0 and low of Rs 3743.3, respectively, during the day.

Ashok Leyland Ltd. traded at Rs 174.4 on BSE at 01:34PM (IST) on Wednesday, down 1.69 per cent. The stock quoted a 52-week low price of Rs 133.1 and a high of Rs 191.45.

SCSS vs senior citizen FDs of SBI, HDFC Bank, ICICI Bank, Axis Bank, PNB: Which offers highest interest rate?

GAIL (India) Ltd. slipped 1.21 per cent to Rs 159.15 in Wednesday's trade as of 01:39PM (IST). It hit a high of Rs 161.15 and low of Rs 157.75 during the session.

Jyoti CNC Automation was subscribed 3.24 times so far on Wednesday, the second day of the bidding process. The issue closes tomorrow. The retail investors portion of the IPO was subscribed the most at 10 times, followed by non-institutional investors at 5.12 times. The QIB category was least subscribed at just 2%.

Cholamandalam Investment & Finance Company Ltd. fell 1.51 per cent to Rs 1212.0 at 12:53PM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap down start to the session.

Parag Parikh Flexi Cap Fund, a flagship scheme of Parag Parikh Mutual Fund, crossed Rs 50,000 crore in assets under management in December, an analysis of AUM trend by ETMutualFunds showed. The scheme manages assets worth Rs 52,684.28 crore as on December, according to Amfi. The AUM of the scheme has grown by around 80 per cent in 2023. Launched in May 2013, the flexi cap scheme has completed 10.62 years. The scheme offered 19.34% since inception. The scheme offered 19.47% in 10 years, 22.77% in five years, and 22.34% in three years. In the 10-, five-, and three-year horizons, the benchmark (Nifty 500 — TRI) offered 16.26%, 17.60%, and 18.96% respectively. This shows that the scheme has managed to beat its benchmark during these horizons.

Manappuram Finance plunged 7.4% to Rs 163.4 in Wednesday's trade on BSE after the market regulator Securities and Exchange Board of India (SEBI) put the IPO of its arm Asirvad Microfinance on hold. The delay in the IPO represents a blow to Manappuram Finance, which had raised its stake in Ashirwad Microfinance in June 2022, acquiring a majority stake as part of its broader diversification strategy. Asirvad Microfinance had filed a draft red herring prospectus (DRHP) with SEBI to raise Rs 1,500 crore from the public back in October last year. At 11.22 am, the scrip was trading 4.9% lower at Rs 167.9 on BSE. However, in the last year, the stock has surged nearly 40%. In Q2 FY24, Manappuram Finance reported a 37% increase in consolidated net profit to Rs 561 crore.

DLF Ltd. traded 1.07 per cent up at Rs 780.95 at around 12:58PM (IST) on Wednesday. The stock had closed at Rs 789.4 in the previous session.

Pidilite Industries Ltd. dropped 0.06 per cent to Rs 2723.65 at 01:03PM (IST) in Wednesday's trade. The counter hit a high of Rs 2730.5 and low of Rs 2695.55 so far during the session.

Ambuja Cements Ltd. traded 0.34 per cent down in Wednesday's trade at 12:12PM (IST). Around 72,741 shares changed hands on the counter.

ICICI Lombard General Insurance Company Ltd. traded at Rs 1385.0 on BSE at 12:28PM (IST) on Wednesday, down 0.7 per cent from previous close. The scrip quoted a 52-week low price of Rs 1049.1 and a high of Rs 1491.95.

Crompton Greaves Consumer Electricals Ltd. traded 1.43 per cent up at Rs 318.9 on Wednesday at around 10:25AM (IST), while the benchmark BSE Sensex advanced 3.61 points to 71389.82. As many as 61,754 shares changed hands on the counter with a total value of Rs 1.96 crore.

CLSA maintained a buy rating on RIL, Goldman Sachs downgraded ONGC, BPCL, and IOC. Jefferies has a buy rating on Godrej Consumer and Nuvama upgraded Infosys to buy ahead of Q3 results.

Vinati Organics Ltd. with a target price of Rs 1885.

no blood loss or struggle marks on the body," he said. The exact time of the death of the boy could not be determined as it had been 36 hours since his death at the Goa apartment. "We cannot say the exact time but it has been 36 hours since his death," Naik said.

Trent Ltd. traded 2.05 per cent up in Wednesday's trade at 10:30AM (IST). Around 10,205 shares changed hands on the counter.