Good afternoon,
Markets are trading in the green, with the NIFTY50 above 19,000 as of 12:00 pm. Here are the top stories for the day!
⭐Colgate-Palmolive falls on low Q2 revenue growth
Shares of the FMCG company fell by 1.4% intraday after the company reported a 6% year-on-year (YoY) growth in its revenues at ₹1,471 crore in the September quarter. However, this was lower than the estimates. The company’s net profit rose by 22.3% YoY to ₹340 crore in the same quarter. The company announced a dividend of ₹22 per share.
⭐Hindustan Petroleum gains on new partnership
Shares of the PSU oil & gas company rose by 1.6% intraday after it joined hands with Chevron Brands International LLC. The partnership covers the licence, manufacture, supply, and marketing of Caltex-branded lubricants from Chevron in India.
⭐Oberoi Realty rises on stake sale
Shares of the real estate developer rose by 2% intraday after the company announced the sale of its entire stake in Sangam City Township joint venture to Balewadi Techpark Private Limited for ₹3.6 crore.
⭐Lemon Tree surges on licence agreement
Shares of the hotel chain operator rose by 4% intraday after the company signed a licence agreement for a 50-room property in Visakhapatnam, Andhra Pradesh. The hotel will operate under the Red Fox Hotels brand and is likely to start by FY26.
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Disclaimer:
The content of this article is pure for informational purposes. The stocks mentioned are not recommendations. Investment in the securities market are subject to market risks. Please read all related documents carefully before investing. Past performance of securities/instruments is not indicative of their future performance.
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