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ITC shuts cigarette units on uncertainty over warnings

ITC: Lack of positive triggers
Despite posting slightly better-than-expected results for the quarter ended March 31, in which ITC Ltd saw a substantial reduction in loss of the non-cigarette fast-moving consumer goods (FMCG) business, its stock ended lower by 0.75 per cent at Rs 231.75 on Friday against a flat market. While the stock's outperformance in recent months could be one reason, the Street also seems to get a feeling that

ITC net up 26%, helped by cigarette price hikes

Beating expectations, ITC , India's largest cigarette maker, posted a 26 per cent rise in net profit, led by a partial impact from an increase in cigarette prices post-Budget and an overall

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FMCG: Good place to be in a bear market

How much premium will investors pay in the hope of outperformance? For stocks that promise high growth, valuations can be stratospheric. Phases like the IT boom, the internet boom, and now,

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Ex-Reckitt India MD joins Jyothy Labs as CEO

Detergent and liquid blue maker Jyothy Laboratories has appointed ex-Reckitt India managing director S Raghunandan as its chief executive officer and whole-time director. He takes over from on

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Manjushree net up 82% in Q4

Aided by improved demand from the FMCG sector for PET bottles and jars, the Bangalore-based Manjushree Technopack Ltd, a provider of rigid plastic packaging solutions, has reported an 82 per cent

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Sideways move of the Sensex hurts investors

The second term of the United Progressive Alliance (UPA-II) in power at the Centre has flattered to deceive. The term started with a bang, with the Sensex gaining around 2,100 points, or 17 per cent,

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