Invest With Tribe

Share this post

Britannia (+1%), Reliance (+1%) & more

blog.investwithtribe.com

Britannia (+1%), Reliance (+1%) & more

Tribe Daily

Tribe Wealth
Jan 6
Share this post

Britannia (+1%), Reliance (+1%) & more

blog.investwithtribe.com

Market Summary

Nifty declined for the third straight day due to the weak performance of Nifty IT and Nifty Private Bank.


Companies

Reliance (+1%) rose after the company's arm inked a deal with Manchester City to spur the India push. Britannia (+1%) rose due to margin improvement and high earning visibility.


Sectors

Nifty FMCG (+0.03%) rose due to strong performance of Britannia, United Spirits, Nestle India and ITC. Nifty IT (-2%) declined due to weak performance of TCS, Tech Mahindra, Infosys, Wipro and HCL Tech. Nifty Media (-1%) declined due to weak performance of PVR, Dish TV, INOX Leisure and Zee Entertainment.


News of The Day

1.​​Sigachi Industries (+20%) rose after the company announced a board meeting to consider raising of funds through equity or convertible warrants. (Business Standard)

2. Rama Steel Tubes (+10%) rose as stock turned ex-date for 4:1 bonus. (Business Standard)

3.​​IDBI Bank (+8%) rose after SEBI allowed the govt to re-classify its stake in  IDBI Bank as public for ease of divestment. (Business Line)

4.Landmark Cars (+5%) rose and hit a new high after a weak market debut. (Business Standard)

5.Dabur India (-3%) declined due to weak Q3 business updates. (Money Control)


Market Sentiment


Expert of The Day

Follow Him on Invest With Tribe


Latest Blog:

$300 Bn Electronic Manufacturing Sector by 2026!


Articles You Like to Read

Green hydrogen has got a spark that it deserves. (Source: Mint)

More climate-tech investments needed for a sustainable, green future. (Source: Mint)

Technology has a bright future beyond the clutches of capitalism. (Source: The Local Report)


Latest on our Social:

Click to see the full post


Follow our Socials

Looking for fantastic content on the stock market, trading and investing?

Follow us on Twitter, Instagram, Reddit, LinkedIn & YouTube

Share this post

Britannia (+1%), Reliance (+1%) & more

blog.investwithtribe.com
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 Tribe Wealth
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing