News Overview

HDFC Life Insurance Company Ltd is quoting at Rs 592.8, up 1.1% on the day as on 12:54 IST on the NSE. The stock is down 16.91% in last one year as compared to a 14.97% jump in NIFTY and a 3.38% jump in the Nifty Financial Services index.

Procter & Gamble Hygiene and Health Care Ltd is quoting at Rs 15761.75, up 1.11% on the day as on 12:54 IST on the NSE. The stock is up 19.12% in last one year as compared to a 14.97% gain in NIFTY and a 9.47% gain in the Nifty FMCG index.

Nazara Technologies Ltd is quoting at Rs 2007.1, up 1.5% on the day as on 12:54 IST on the NSE. The stock is up 26.07% in last one year as compared to a 14.97% gain in NIFTY and a 29.64% gain in the Nifty Media index.

Punjab & Sind Bank is quoting at Rs 16.7, up 1.21% on the day as on 12:54 IST on the NSE. The stock is down 23.04% in last one year as compared to a 14.97% gain in NIFTY and a 10.19% gain in the Nifty PSU Bank index.

Nestle India said "price outlook for key categories like edible oils, coffee, wheat, fuel remains firm to bullish."

This partnership of two likeminded organisations aims at offering customer centric solutions backed by technological innovations and best in class services.

Through this business transfer, the company will accelerate synergy with the design and manufacturing capabilities of Ryono Engineering.

Nestle posted a net profit of Rs386.6 crore in the quarter under review down by 20% yoy, while revenue jumped 8.9% yoy to Rs3,739.3cr in Q4 of 2021.

The FMCG majors net profit fell 20% to Rs 386.66 crore on 8.45% increase in net sales to Rs 3,706.20 crore in Q4 December 2021 over Q4 December 2020.

The agency estimates GNPA at 6.3% and stressed assets at 8.7% for FY22 and at 6.1% and 7.6%, respectively, for FY23.