Technical charts indicate that Nifty and Bank Nifty are currently poised for an upward trend. According to technical analysts, Nifty may ascend towards 22,800 levels, while Bank Nifty could touch 48,500 levels. Stocks such as Sun Pharma, Hero MotoCorp, Tata Steel, Britannia, Divi’s Lab, HDFC Life, PI Industries, Praj Industries, and Sona BLW have exhibited … Read more
It’s likely to have been another soft quarter for Britannia Industries as the company is expected to see muted growth in earnings amid weak volumes and rural demand, higher raw material costs, and likely price cuts in some categories. The company is seen reporting a moderate 1.2% year-on-year (YoY) growth in consolidated revenue for the … Read more
With a nearly 20% rally in 2023, Nifty is overvalued by as much, according to a report by Kotak Institutional Equities. The brokerage remains wary of an absolute return potential of the market from the current levels as it replaces ITC and Larsen & Toubro (L&T) with Britannia and PSU stock NTPC from its concentrated … Read more
