Stocks to Watch: HCL Tech, Bharti Airtel, SAIL, PFC, Bharat Dynamics
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Here’s a list of top ten stocks that may be in news on Friday:
HCL Technologies: The IT company will report its Q3 numbers on Friday. The Street expects a 3% revenue growth. In Q2, it had posted a net profit of ₹3,142 crore, up 7.4% quarter-on-quarter and 18.5% year-on-year. Its revenue grew 4.2% q-o-q.
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. 03:01 PM IST
Bharti Airtel: MSCI Global Standard Indexes will increase the weight of telecom operator Bharti Airtel stock in its February quarterly review. The move follows an approval to increase foreign investment limit in the telecom major to 100% from 49%.
Tata Consumer looks to scale its D2C reach
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Sales via e-commerce sites contributed to 3.1% of FMCG sales by value in the third quarter of CY2020. Priyanka Parashar/Mint
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Fast-moving consumer goods companies are increasingly eyeing direct-to-consumer (D2C) channels as urban Indians warm to the idea of shopping online for their daily needs.
Tata Consumer Products (TCP), which sells Tetley Tea and Sampann brand of spices and pulses, already has Tata Nutrikorner.com, a platform it set up as a pilot in September 2019 for online shopping.
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At the same time, it reaffirmed the rating for short-term instruments worth Rs 715 crore at A1-plus.
ICRA also upgraded the company s fund-based working capital facilities at AAA with a stable outlook from AA-plus earlier. Besides, it reaffirmed the non-fund based facility at A1-plus. Tata Consumer Products earlier known as Tata Global Beverages Ltd has a consolidated revenue of Rs 10,000 crore and employs over 2,200 people in its branded business. The portfolio of products includes tea, coffee, water, salt, pulses, spices and packaged food offerings. It is the second-largest branded tea company in the world with key beverage brands like Tata Tea, Tetley, Eight O Clock Coffee, Tata Coffee Grand and Himalayan Natural Mineral Water.
ICRA upgrades financial ratings of Tata Consumer Products ANI | Updated: Dec 30, 2020 11:27 IST
Mumbai (Maharashtra) [India], December 30 (ANI): ICRA has upgraded the rating for long-term financial instruments of Tata Consumer Products worth Rs 350 crore to AAA with a stable outlook from AA-plus.
At the same time, it reaffirmed the rating for short-term instruments worth Rs 715 crore at A1-plus.
ICRA also upgraded the company s fund-based working capital facilities at AAA with a stable outlook from AA-plus earlier.
Tata Consumer Products earlier known as Tata Global Beverages Ltd has a consolidated revenue of Rs 10,000 crore and employs over 2,200 people in its branded business. The portfolio of products includes tea, coffee, water, salt, pulses, spices and packaged food offerings.