Market News
Stay updated with the latest market trends, earnings, and economic indicators.
CCPA fines Storia Foods, English Oven Rs 1 lakh each for misleading '100%' claims on food labels
Two prominent food companies, Storia Foods and Mrs. Bectors Food Specialities, have been fined Rs 1 lakh each by the Central Consumer Protection Authority. The penalty stems from misleading '100%' claims on their product packaging, falsely representing product composition. Both firms are now mandated to immediately remove these deceptive claims from all platforms, including websites and digital media, following action under consumer protection laws.
Devyani International, Sapphire Foods shares rise up to 7% after exchange nod for merger
BSE said it has no adverse observations on the proposed scheme from the perspective of listing regulations, enabling the companies to file the merger proposal before the National Company Law Tribunal (NCLT).
Stock Alert: KRN Heat, Patanjali Foods, Bharti Airtel, Dixon Tech, Glenmark Pharma, Bharti Hexacom
Securities in F&O Ban:
Stock market crash: ITC, Patanjali Foods, Britannia, SBI Cards among 51 stocks that hit 52-week low on NSE - Upstox
Stock market crash: ITC, Patanjali Foods, Britannia, SBI Cards among 51 stocks that hit 52-week low on NSEUpstox
Market Trading Guide: Parag Milk among two stock recommendations for Wednesday
Benchmark indices ended a volatile session near the 23,500 mark as buying emerged from key support levels. Analysts have recommended Chennai Petroleum and Parag Milk Foods for Wednesday, citing strong bullish breakouts, rising volumes, favorable moving average alignment and improving technical momentum.
Patanjali Foods: Street’s optimism in assigning high FMCG valuation multiples was misplaced
Patanjali targets FY27 volume growth of 3-5% in edible oils, 8-10% in foods, and 15% in home care. However, ICICI Securities cut its EPS estimate by 14%, forecasting ongoing earnings pressure due to rising input costs and stagnant profitability in the edible oils segment.
Wipro Consumer Care Ventures eyes fund bets to widen startup reach in India and Southeast Asia
The venture firm plans to write larger cheques of up to ₹30 crore from its new corpus while diversifying into pet care, appliances, and packaged foods.
Weak debut! M.R.Maniveni Foods share price lists at 18% discount to IPO price on BSE SME
M.R.Maniveni Foods share price listed at ₹42.55, down ₹9.45 or 18.17% compared with the offer price of ₹52. Soon after listing, however, the SME stock recovered a bit. It touched the day's peak of ₹44.66, rising almost 5% from the listing price but remained below its offer price.
BSE SME M R Maniveni Foods enters the market through a rough harvest
M R Maniveni Foods traded at Rs 44.65 on the BSE, a 14.13% discount to the issue price of Rs 52.
MR Maniveni Foods shares to list today. Check GMP ahead of debut
MR Maniveni Foods shares are poised for their debut on the BSE SME platform this Monday. Grey market indicators suggest a flat listing, with shares trading near their issue price. The company's Rs 27 crore IPO saw strong anchor investor interest. MR Maniveni Foods specializes in pulse processing, supplying to business-to-business clients.
Stocks in news: IndiGo, Suzlon Energy, Patanjali Foods, PB Fintech, Vedanta
Markets experienced significant volatility on Friday, with indices falling in the final hour due to heavy institutional selling. Several companies like IndiGo, Suzlon Energy, and Patanjali Foods are in focus today. Vedanta received its highest domestic credit rating in over a decade.
Q4 Results Live Updates: Patanjali Foods, Easy Trip, Others To Declare March Quarter Scores Today
Q4 Results Today Live Updates: Several blue-chip stocks are set to declare their March quarter earnings today