FMCG major Gillette India today reported over twofold jump in net profit at Rs 80.85 crore for the third quarter ended March 31, helped by portfolio optimisation and improved efficiency.
The only safe investment bet today is putting your money in the index, says V K Sharma, fundamental analyst, HDFC Securities. He says that no matter how good the fundamentals of a company are, there is no guarantee in the current market that the scrip‘s price is not going to fall more.
Shares of Jet Airways reversed their initial gains and settled with a loss of over 5 per cent following heavy profit-booking by market participants. After surging over 6 per cent during the day, the stock lost ground and finally ended at Rs 527.15, down 5.17 per cent from their previous close on the BSE.