CARE Ratings has come out with its report on corporate performance. "A study of the performance of 2,934 companies showed that net sales declined by -0.2% in Q3 FY15 as against 6.5% increase in the previous year while net profits declined significantly by 28.3% over a positive growth of 2.5% last year", says the report.
Religare Capital's Varun Lohchab suggets holding ITC with a target price of Rs 325 on a one year forward basis.
Hindustan Unilever beat street expectations as first quarter net profit rose 18% year-on-year to Rs 627 crore, boosted by exceptional gains.