FMCG Sector

Mitesh Thakkar: SELL ICICI Prudential, Wipro; BUY Nestle India and Dabur

Mitesh Thakkar: SELL ICICI Prudential, Wipro; BUY Nestle India and Dabur

Market analyst Mitesh Thakkar has suggested two BUY Calls and Two SELL calls for today’s trading session. Indian markets are expected to open weak today as US markets closed low on Wednesday.

Sudarshan Sukhani: BUY Exide Industries, IGL, Marico and Colgate

Sudarshan Sukhani: BUY Exide Industries, IGL, Marico and Colgate

Market analyst Sudarshan Sukhani has suggested BUY Calls for Exide Industries, IGL, Marico and Colgate for traders.

BUY Britannia Industries at Rs 2700 - 2800 for target price of Rs 3035: Axis Securities

BUY Britannia Industries at Rs 2700 - 2800 for target price of Rs 3035: Axis Securities

Axis Securities suggests medium term BUY for FMCG major Britannia Industries. Invest around Rs 2700 - 2800 for target price of Rs 3035 as per analysis shared by Axis Securities.

Britannia Industries inks pact with Mauritius-based firm to acquire stake

britanniaThe 117-year-old biscuit major Britannia Industries has entered into an agreement with Fonterra Brands (Mauritius Holding) Ltd, Mauritius, for acquiring the latter's 49% Equity and Preference shareholding in Britannia New Zealand Foods Pvt. Ltd (BNZF), their joint venture company engaged in Dairy business.

With this acquisition, Britannia along with its wholly owned subsidiary will hold the entire equity and preference capital of BNZF. The acquisition is subject to Reserve Bank of India approval.

GlaxoSmithKline Q4 net profit soars 50%

GlaxoSmithKline Q4 net profit soars 50%Despite an economic slowdown, G

Surya Brasil to setup manufacturing facility in India

Surya Brasil to setup manufacturing facility in India Surya Brasil, a Brazilian personal care firm, has plans to setup up a manufacturing facility in the India, to cater the growing demand for its products in the region.

Currently, the company has 8 distributors throughout the country and its products are available at major retail chains. The firm has been operating in the country, for the past two years.

The company expects to clock turnover of Rs 1 crore this fiscal, with the setup of new manufacturing facility. Presently, the company has three manufacturing units in Brazil.

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