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3 reasons why Nomura is bullish on this new Nifty50 entrant

Shares of Tata Consumer Products have been in the focus of late after the stock got admitted to the flagship Nifty50 index on March 31 as part of the index rejig.
On a year-to-date (YTD) basis, the stock has managed to beat both the Nifty50 and Nifty FMCG index in terms of returns. The Tata group stock has gained 8 per cent as against Nifty s 5 per cent and 2 per cent up move in the Nifty FMCG index during this perios, ACE Equity data show. In the FCMG pack, the stock is among the select few that have offered high single-digit or double-digit returns during the same period, performing better than 70 per cent of its peers. ....

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Marico dividend: Marico declares interim dividend of Rs 4.50 per share

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NEW DELHI: FMCG major Marico on Wednesday said its board has declared a second interim dividend of Rs 4.50 per equity share for FY2020-21.
The board of directors of the company at its meeting. approved the declaration of second interim equity dividend for the financial year 2020-21 of Rs 4.50 per equity share of Rs 1 each, being 450 per cent on the paid-up equity share capital of Rs 129.13 crore, Marico said in a regulatory filing.
Shares of Marico closed 0.52 per cent higher at Rs 408.60 apiece on the Bombay Stock Exchange (BSE) on Wednesday.
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