For Future Group, 8-10 percent sales come from dairy products.
Such sharp rallies are often a result of some pep talk or some relief measure which often fizzles out trapping the bulls who bought on the hopes that a new rally will begin.
The company has sought shareholders' nod on the proposal to issue compulsorily convertible debentures (CCDs) of face value of Rs 1,00,000 each, for an aggregate amount of the rupee equivalent of USD 10 million (about Rs 69.26 crore) to Verlinvest SA on a preferential basis.
Biyani said the company aims to drive revenue growth through a slew of launches in coming years
The body wash is priced at the rate of a soap as the company aims to upgrade customers from using soap to body wash
Kishore Biyani feels Future Consumer could be the engine powering the entire business in coming years
Motilal Oswal is bullish on Future Consumer has recommended buy rating on the stock with a target price of Rs 63 in its research report dated November 03, 2018.
Motilal Oswal is bullish on Future Consumer has recommended buy rating on the stock with a target price of Rs 69 in its research report dated August 08, 2018.
The joint venture will be called Fonterra Future Dairy Partners
The Kishore Biyani-led company is reportedly in advanced discussions to buy Iraya from Athena Life Sciences
Motilal Oswal is bullish on Future Consumer has recommended buy rating on the stock with a target price of Rs 76 in its research report dated May 22, 2018.
The market breadth was in favour of the advances with 861 stocks advancing while 676 declined and 494 remained unchanged. On the other hand, in the BSE, 969 stocks advanced and 742 declined and 63 remained unchanged.
Edelweiss is bullish on Future Consumer has recommended buy rating on the stock with a target price of Rs 77 in its research report dated April 10, 2018.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank, Axis Bank, Union Bank of India and Future Consumer.
Improving mix and operating leverage through rapid sales growth are expected to drive significant margin expansion over the next five years, according to the research house.
The Nifty PSU banking index jumped 3.66 percent led by Bank of India which zoomed over 9 percent intraday on the back of recovery of Rs 7,000 crore from other banks. Punjab National Bank was up 4.3 percent while Andhra Bank zoomed over 5 percent.
The money will be used primarily to finance capex, long-term working capital and support the growth of the business.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Edelweiss Financial Services and can sell Adani Power and Hindalco Industries.
Ashwani Gujral of ashwanigujral.com recommends buying Jaiprakash Associates, Vedanta and United Breweries.