5 FMCG stocks to watch out for on July 14
S&P BSE FMCG has been trending on the bourses gaining 10% in the last one month. In the morning trades, BSE FMCG is trading at14905.18 with a gain of 0.01%.
Let us see which stocks in the FMCG sector investors should keep an eye on.
Dabur Ltd announced that it has through its wholly owned subsidiaries (Dabur International Ltd & Dabur UK Ltd) acquired the entire stake in Bangladesh-based Asian Consumer Care from its joint venture partner Advanced Chemical Industries for Rs 51 crore). It will increase its stake in Asian Consumer Care from 76% to 100% according to termination of the JV agreement and the share purchase agreement to be executed. At 10 am shares of Dabur were quoting Rs 546.80 per share with a gain of 0.30% over its previous close.
Bombay Burmah Trading Corporation Ltd will announce its Q4FY22 results today as the meeting of the Board of Directors of the Corporation is scheduled to be held on Thursday, 14th July 2022 to inter alia, consider and approve the Audited Consolidated Financial Results of the Corporation for the quarter and year ended 31st March 2022. Bombay Burmah is the masthead of the Wadia Group with diversified interests in tea, coffee, other plantation products, biscuit and dairy products, auto electric and white goods parts among others. In the morning session, the shares of Bombay Burmah were trading at935.55, a gain of 0.91% over its previous close.
Pioneer Investment fund on July 13 offloaded 8.07 lakh shares of Zydus Wellness amounting to Rs 124 crore through an open market transaction constituting a 1.27% stake in the company at an average price of Rs 1540.21. Meanwhile, Nippon India Mutual Fund has picked a 1.47% stake in the consumer wellness company for Rs 1540 per share. In the morning session, the shares of Zydus Wellness are trading at Rs 1606.55 a gain of2.58% over its previous close.
UNITED BREWERIES LTD has informed exchanges that the meeting of the Board of Directors of the Company is scheduled on July 27 to consider the Unaudited Financial Results for the quarter ended June 30, 2022.At 10.10 am, the shares of United Breweries are quoting at Rs1640, up by 1.65% or Rs 26.65 per share.
Parag Milk Foods is fast gaining momentum on the bourses. Yesterday, the shares of Parag Milk zoomed 12.83% with intraday high and low of Rs Rs 87.40 and Rs 74.40, respectively. Parag Milk Foods is one of India's elite private sector dairy companies with famous brand names such as Gowardhan, Go, Topp Up & Pride of Cows. At 10.10 am, the shares of Parag Milk Foods were quoting at Rs 85.50, up by2.89% or Rs 2.40 per share.
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