Stay updated with breaking news from Deepak Nitrite. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Benchmark indices have performed well in election years going by four decades of history and despite spikes in volatility, the median returns in election years have been 17%. As per ICICI Direct, the outperformance of PSU banks will only amplify and investors should also raise their exposure to IT stocks ignoring the noise.
Godrej Consumer's consolidated net profit rose 6% year-on-year to Rs 581 crore in the December quarter. Revenue from operations during the third quarter increased 2% year-on-year to Rs 3,660 crore.
This investment is likely to create about 1,300 direct and indirect employment opportunities.
(This story has not been edited by THE WEEK and is auto-generated from a PTI
The stock picked up momentum after retesting the 50-week moving average in October 2023, which helped it hit a fresh 52-week high in January 2024. The stock hit a fresh 52-week high of Rs 2,520 on 1st January 2024 but quickly witnessed some healthy profit-taking at higher levels. However, any dips towards Rs 2,400 could be used as a buying opportunity.