Nestle Financial News

Orient Green Power Company(up 2.67%), Power & Instrumentation(Gujarat)(up 2.54%), GE Power India Limited(up 1.44%), Jaiprakash Power Ventures(up 0.71%), NTPC(up 0.56%), Voltamp Transformers(up 0.53%), Reliance Power(up 0.42%), Transformers and Rectifiers(India)(up 0.35%), KEC International(up 0.17%) and Power Grid Corporation of India(up 0.06%) were among the top gainers. Energy Development Company(down 5.01%), KPI Green Energy(down 3.66%), CESC(down 2.81%), SJVN(down 2.31%), Suzlon Energy(down 1.98%), PTC India(down 1.50%), DPSC(down 1.50%), Tata Power Company(down 1.47%), NHPC(down 1.45%) and Alstom T&D India(down 1.44%) were among the top losers.

TCS and HDFC Bank. The BSE Sensex was trading 56 points or 0.08% higher at 71,370. Nifty50 was trading at 21,426, up 8 points or 0.04% at around 9.18 am. From the Sensex stocks, Nestle India, Sun Pharma, Reliance Industries, NTPC, and Maruti opened in the green, while TCS, HDFC Bank, IndusInd Bank, and Kotak Bank opened in the red. Among individual stocks, Apollo Tyres opened 7% higher amid a 4.5% block deal in the counter. Vedanta shares opened 2.4% higher after the company declared a second interim dividend of Rs 11 per share for fiscal 2024.

Sapphire Foods In Sapphire Foods, promoter group entities – Sapphire Foods Mauritius and Samara Capital sold stakes in the company through the open market. Archean Chemical Industries Archean Chemical Industries, Piramal Enterprises sold 3.4% stake through the open market for around Rs 252 crore. PNC Infratech The company has been declared Ll (first lowest) bidder in a Madhya Pradesh Road Development Corporation's (MPRDC) highway project. Read more: Here's the trade setup for today's session Nestle Nestle India has fixed January 5 as the record date to determine eligible shareholders for the stock split announced by the company in October. NHPC A Board meeting of NHPC is scheduled to be held on December 22 to consider the proposal regarding monetization of future cash flow of one or more power station(s) of the company for suitable tenure. Sun Pharma Sun Pharma has entered into agreement to acquire 16.7% shares on a fully diluted basis, in Lyndra Therapeutics engaged in the business of developing novel delivery technology for long-acting oral (LAO) therapies.

Nestle India has set January 5 as the record date for the previously announced stock split, which was approved by the company's board in October at a ratio of 1:10. A stock split involves increasing the number of issued and outstanding shares, thereby enhancing the liquidity of the stock. Importantly, this does not impact the overall value of all shares issued.

Nestle India has fixed January 5, 2024, as the record date to determine eligible shareholders for the stock split announced by the company in October. In October, the board approved splitting shares of face value Rs 10 into 10 shares of Rs 1 face value each. The company received shareholders’ approval for the same earlier this month.

The BSE Sensex was trading 194 points or 0.27 lower at 71,289. Nifty50 was trading at 21,412, down 44 points or 0.21% at around 9.20 am. Among Sensex stocks, JSW Steel, ITC, M&M, Power Grid, ICICI Bank, and Axis Bank traded with cuts, while Titan, Sun Pharma, Nestle, and Bajaj Finance opened with gains. Mazagon Dock Shipbuilders shares opened 4.6% higher after the company signed individual shipbuilding contracts with European client worth approximately $42 million. Zee Entertainment Enterprises shares fell over 4% after the firm sought further extension of a merger deadline from the Indian arm of Japan's Sony Group to make the scheme effective. Experts view «There are two significant factors driving the ongoing strong rally in the market.

market rally that saw the benchmark Sensex breaching the 71,000-mark for the first time on Friday. The US Federal Reserve keeping its key interest rate unchanged and signalling rate cuts next year, along with continuous foreign fund inflows into the equity markets, have fuelled the rally in stocks. Rallying for the third day running, the 30-share BSE Sensex jumped 969.55 points or 1.37 per cent to settle at its new all-time high of 71,483.75 points.

P & G Hygiene(up 1.86%), Bikaji Foods International(up 1.64%), Bajaj Consumer(up 1.31%), Dodla Dairy(up 0.80%), Gillette India(up 0.72%), Nakoda Group(up 0.51%), Colgate Palmolive(India)(up 0.45%), TATA CONSUMER PRODUCTS(up 0.45%), Dangee Dums(up 0.42%) and Zydus Wellness(up 0.29%) stood among the top gainers. JHS Svendgaard Laboratories(down 3.27%), Parag Milk(down 2.39%), Nestle India(down 1.72%), ADF Foods(down 1.67%), Vadilal Industries(down 1.64%), Dabur India(down 1.42%), Emami(down 1.08%), Mrs Bectors Food Specialities(down 0.98%), Euro India Fresh Foods(down 0.93%) and Britannia Industries(down 0.66%) were among the top losers of the day.

stock has seen a buildup of fresh short position or not. To understand it we have to look at what “ short selling” means.

EID Parry(up 1.36%), Kothari Sugars & Chemicals(up 0.86%), Dalmia Bharat Sugar & Industries(up 0.83%), Mawana Sugars(up 0.68%), Balrampur Chini Mills(up 0.65%), Vishwaraj Sugar Industries(up 0.61%), Ponni Sugars(Erode)(up 0.58%), Triveni Engineering & Industries(up 0.52%), Bannari Amman Sugars(up 0.51%) and MAGADHSUGAR(up 0.47%) were among the top gainers. KCP Sugar & Industries(down 1.13%), Simbhaoli Sugars(down 1.08%), Sakthi Sugars(down 0.72%), Dwarikesh Sugar Industries(down 0.69%), DCM Shriram Industries(down 0.69%), Uttam Sugar Mills(down 0.45%), BAJAJHIND(down 0.36%) and K.M.Sugar Mills(down 0.16%) were among the top losers.

The NSE Nifty index was trading 133.2 points up at 21315.9, while BSE Sensex was up 463.02 points at 70977.22 at the time of writing this report. In the Nifty index, Tech Mahindra Ltd.(up 4.30 per cent), LTIMindtree Ltd.(up 4.30 per cent), Infosys Ltd.(up 4.20 per cent), HCL Technologies Ltd.(up 3.96 per cent) and Tata Consultancy Services Ltd.(up 3.62 per cent) were among the top gainers.

Oriental Trimex(up 19.88%), Sandur Manganese & Iron Ores(up 3.04%), NMDC Ltd(up 1.59%), Ashapura Minechem(up 1.09%), Aro Granite Industries(up 0.79%), Coal India(up 0.53%) and 20 Microns(up 0.28%) were among the top gainers. Gujarat Mineral Dvpt Corporation(down 1.05%), Pokarna(down 0.67%), MOIL(down 0.64%), Madhav Marbles and Granites(down 0.47%), Orissa Minerals Development Company(down 0.20%) and Lexus Granito(down 0.13%) were among the top losers.

Arvind with a buy rating, HSBC upgraded Colgate Palmolive India to a buy from hold earlier while it downgraded Nestle India to hold. Centrum Institutional Research initiated coverage on Ugro Capital with a buy rating. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: SPARK on Arvind: Buy| Target Rs 352 SPARK initiated coverage on Arvind with a target price of Rs 352.

Benchmark NSE Nifty index rose 69.65 points to 21252.35 amid buying in frontline bluechip stocks. However, stocks such as Raj Rayon, SEL Manufact, Winsome Yarns, Lakshmi Precis and Wealth First Port, touched their fresh 52-week low.

Federal Reserve's policy meeting earlier this week. Gains were seen across all the sectors. The BSE Sensex was trading 287 points or 0.41% higher at 70,801.

equities inched up to record closing levels on Monday as the Sensex briefly crossed the 70,000 mark earlier in the trading session before closing below it. The index gained 0.15% or 102.93 points to close at 69,928.53 after hitting a high of 70,057.83. The Nifty advanced 0.13% or 27.70 points to close at 20,997.10 after hitting an all-time high of 21,026.10 on Monday.

ITC Ltd is rapidly premiumizing its portfolio with an eye on aspirational shoppers, as consumer goods makers pivot to the juicier side of the retail market for higher margins. India has typically been a value market, with more consumers buying low-priced unit packs. However, over the years, rising prosperity have prompted shoppers to increasingly buy differentiated products such as fragrant body washes, value-added hair oils and organic wheat flour.

Paris, France & Mumbai, Maharashtra, India – Business Wire India Blink Digital, a full-service independent digital advertising agency, is thrilled to announce the world premiere of its co-produced film, ‘Girls Will Be Girls’, at the prestigious Sundance Film Festival 2024, to be held from 18th to 28th January 2024. The film, written and directed by debutant Shuchi Talati, has been selected to participate in the highly anticipated World Cinema Dramatic Competition.The film, ‘Girls Will Be Girls’ unfolds within the walls of an elite boarding school nestled in a small Himalayan hill town in northern India.

Future Consumer(up 6.25%), JHS Svendgaard Laboratories(up 6.18%), ADF Foods(up 1.87%), Bikaji Foods International(up 1.00%), Dangee Dums(up 0.88%), Heritage Foods(up 0.76%), Godrej Consumer Products(up 0.69%), Dabur India(up 0.68%), Hindustan Foods(up 0.68%) and Nestle India(up 0.67%) were among the top gainers. Jyothy Labs(down 2.17%), Adani Wilmar(down 1.79%), Mrs Bectors Food Specialities(down 1.06%), Tasty Bite Eatables(down 0.68%), Colgate Palmolive(India)(down 0.55%), Varun Beverages(down 0.50%), Hatsun Agro Product Ltd(down 0.42%), Britannia Industries(down 0.42%), Zydus Wellness(down 0.38%) and Gillette India(down 0.33%) were among the top losers.

Galen G. Weston says “we know we all need to do more to help” as he and the head of Walmart Canada appeared back to Ottawa to explain their plans to stabilize food prices.The appearance comes just hours after a new 2024 Food Price report from Canadian researchers suggested grocery prices are expected to rise next year, but not at the same pace as was seen in 2023 as inflation cools.The researchers estimate food prices will increase by 2.5 to 4.5 per cent in 2024.

ICICI Bank, HDFC Bank, Infosys, and Reliance Industries. The BSE Sensex was trading 262 points or 0.38% lower at 69,390. Nifty50 was trading at 20,867, down 70 points or 0.34% at around 9.23 am. From the Sensex stocks, HUL, Bharti Airtel, and Bajaj Finance were the top laggards, falling over 1% each.