Tata Group Shines on BCG's List 2023; Britannia Got Beaten by New FMCG Gaint

May 26, 2023

Closing Bell: Nifty above 18450, BANKNIFTY above 44000, Sensex gains 600 pts, Media, IT, FMCG rally.🚀

Companies

FMCG Index Hits All-Time High, Indicating Strong Market Potential in India.

M&M's(+0.32%) Q4 Results: Profit Surges 22% to Rs 1,549 cr; Dividend of Rs 16.25 Declared by Tractor Maker.🚀

Grasim's(-0.77%) Q4 Earnings: Net Profit Stands at Rs 93.5 Cr, Revenue Rises 4.2% to Rs 6645.8 Cr.📈

Sun Pharmaceuticals(+2.63%) Registers Consolidated Net Profit of Rs 1,984.47 Cr, revenue up by 12% in Q4 FY23.🚀

TVS Motor(+0.79%) Shares Hit All-Time High, Market Cap Crosses Rs 61,000 Crore.🚀

Info Edge's(+7.26%) Q4 Earnings: Net Loss of Rs 272.8 Cr, Revenue Increases 2.6% to Rs 604.7 Cr.📈

Varun Beverages(+5.21%) Emerges as India's Fourth-Largest FMCG Company, Surpassing Britannia's(+0.72%) Market Cap.🚀

GVK Power's(-3.18%) Q4 Earnings: Net Loss narrows to Rs 35.8 Cr, Revenue Declines 69.1% to Rs 186.2 Cr.📉

Tata Group Shine on BCG's List of Most Innovative Companies 2023.🧾

Gateway Distripark's(-3.98%) Q4 Earnings: Net Profit Drops 19.4% to ₹68.5 Cr, Revenue Rises 5%.📉

Power Mech's (+0.48%)Q4 Earnings: Net Profit Surges 58% to ₹75.2 Cr, Revenue Jumps 30.1%.📈

Steel Strips(+1.60%) Q4 Earnings: Net Profit Declines 3.3% to ₹47.3 Cr, Revenue Drops 5.5%.📉

BEML's(+0.98%) Q4 Earnings: Net Profit Rises 18.2% to Rs 157.7 Cr, Revenue Declines 17.6%.📈