Narmada Gelatines (+20%), Dabur India (+1%) and more

Tribe Daily

Tribe Wealth

Dec 7, 2022

Market Summary

Nifty ends in red due to profit booking and RBI’s repo rate hike.

Companies

BPCL (+2%) rose after GOI seeks compensation for petrol and diesel losses to state-run retailers and a reduction in crude oil prices. HUL (+2%) rose due to recovery in rural demand.

Sectors

Nifty Realty (-1%) plunged due increase in interest rates. Nifty FMCG (+1%) rose due to strong performance of ITC and Nestle India.

News of The Day

1.Tata Motors (-2%) plunged as the company is considering an increment in the prices of passenger vehicles w.e.f January 2023. (CNBC TV 18)

2. Bhikaji Foods (+4%) rose due to strong Q2 performance and the acquisition of Hanuman Agrofood. (Economic Times)

3.Aster DM Healthcare (+2%) rose after the company signed an agreement with Faruk Medical City to develop healthcare services in Iraq. (Business Standard)

4.Narmada Gelatines (+20%) zoomed after the company declared a special interim dividend of Rs 100/share. (Business Standard)

5.Dabur India (+1%) rose after the company announced its entry into women's personal hygiene space with the launch of Fem Ultra Care Sanitary Napkins. (Outlook)