The domestic equity benchmarks ended with moderate gains on Wednesday. The Nifty closed above the 26,000 level after hitting day's low of 25,871.35 in early afternoon trade. Media, realty and metal shares advanced while PSU bank, IT and consumer durables stocks declined. As per provisional closing data, the barometer index, the S&P BSE Sensex rose 255.83 points or 0.30% to 85,169.87. The Nifty 50 index added 63.75 points or 0.25% to 26,004.15. The Sensex and Nifty clocked an all-time high of 85,247.42 and 26,032.80, respectively in late trade. In the broader market, the S&P BSE Mid-Cap index fell 0.53% and the S&P BSE Small-Cap index shed 0.35%. The market breadth was negative. On the BSE, 1,711 shares rose and 2,246 shares fell. A total of 108 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, dropped 7.37% to 12.41. Economy: Moody's has revised its calendar year 2024 growth forecast for India to 7.1% from its earlier estimates of 6.8% in June, as it expects growth in the Asia-Pacific region to outpace the global economy. IPO Update : The initial public offer (IPO) of KRN Heat Exchanger and Refrigeration received 18,58,68,085 bids for shares as against 1,09,93,000 shares on offer, according to stock exchange data at 15:15 IST on Wednesday (25 September 2024). The issue was subscribed 16.91 times. The issue opened for bidding on Wednesday (25 September 2024) and it will close on Friday (27 September 2024). The price band of the IPO is fixed between Rs 209 to Rs 220 per share. An investor can bid for a minimum of 65 equity shares and in multiples thereof. The initial public offer (IPO) of Manba Finance received 1,68,13,25,250 bids for shares as against 87,99,000 shares on offer, according to stock exchange data at 15:15 IST on Wednesday (25 September 2024). The issue was subscribed 191.08 times. The issue opened for bidding on Monday (23 September 2024) and it will close on Wednesday (25 September 2024). The price band of the IPO is fixed between Rs 114 to Rs 120 per share. An investor can bid for a minimum of 125 equity shares and in multiples thereof. Buzzing Index: The Nifty Media index jumped 2.94% to 2,139.25. The index rallied 4.04% in four consecutive trading sessions. Saregama India (up 14.81%), Zee Entertainment Enterprises (up 5.91%), Tips Industries (up 3.02%), Dish TV India (up 1.69%), PVR Inox (up 0.61%) and Sun TV Network (up 0.43%) advanced. On the other hand, TV18 Broadcast (down 1.24%), Nazara Technologies (down 1.03%) and Hathway Cable & Datacom (down 0.97%) edged lower. Stocks in Spotlight: Gillette India slipped 3.05% after the company's distributor notified that Procter & Gamble (P&G) Bangladesh terminated the distribution agreement with effect from 31 December 2024. Delta Corp advanced 2.79% after the company's board approved demerger of its hospitality and real estate business into a newly incorporated company named as Delta Penland (DPPL). Mahindra Holidays & Resorts India shed 0.97%. The company, via its flagship brand Club Mahindra, has assumed the complete management of the Club Mahindra Golden Landmark resort in Mysuru, Karnataka. Mazagon Dock Shipbuilders (MDL) added 0.64%. The company announced the commencement of production activity for the first multipurpose cargo vessel (MPV) for Denmark's Navi Merchants. Man Infraconstruction rose 1.95% after the company announced that its Mumbai-based project, having a revenue potential of about Rs 1,650 crore, has achieved nearly full sales. Snowman Logistics dropped 4.04% after the company said that its Chief Executive Officer (CEO), Sunil Prabhakaran Nair has resigned with effect from the close of business hours of 30 November 2024, due to his personal reasons. Ecos (India) Mobility & Hospitality slipped 2.26% after the company reported standalone net profit of Rs 13.50 crore in Q1 FY25, marking a de-growth of 2.87% as compared with the PAT of Rs 13.90 crore recorded in Q1 FY24.Revenue from operations increased by 14.01% to Rs 148.90 crore in Q1 FY25 from Rs 130.60 crore posted in Q1 FY24. Global Markets: Most European stocks traded lower on Wednesday as investors digested Chinese stimulus measures. Sweden's Riksbank on Wednesday cut interest rates by 25 basis points to 3.25% and suggested the policy rate could be reduced further at the two remaining monetary policy meetings this year. Asian stocks ended mixed on Wednesday, as the People's Bank of China (PBOC) reduced the medium-term lending facility (MLF) rate to 2%, down from 2.3%. This marks the second MLF cut in approximately three months, following a decrease from 2.5% to 2.3% in late July. Additionally, investors assessed Australia's inflation figures released on Wednesday. The consumer price index (CPI) increased by 2.7% year-on-year in August, reflecting a decrease from the 3.5% rise recorded in July. In the United States, the S&P 500 (+0.25%) reached a new all-time high Tuesday, shrugging off concerns about weak consumer confidence. Nvidia's shares surged 4% following news that CEO Jensen Huang had completed his stock sales. The Dow Jones Industrial Average (+0.20%) and Nasdaq Composite (+0.56%) also recorded gains. US consumer confidence suffered its biggest one-month decline in more than three years, hitting 98.7 for September. The data follows a warning from JPMorgan Chase CEO Jamie Dimon about increasing geopolitical instability cast a shadow over the positive market sentiment. Dimon expressed concerns that these geopolitical tensions could impact the global economy.Powered by Capital Market - Live

As a consequence of this termination, the company will have an impact of proportionate drop in net sales under this agreement. For the financial year 2023‐24, the net sales under the said distributor agreement accounted for around 2% of the total net sales of the company. Gillette India is engaged in the manufacturing and sale of branded packaged fast-moving consumer goods in the grooming, portable power and oral care businesses. The company's consolidated net profit jumped 26.4% to Rs 115.97 crore in Q1 FY25 as compared with Rs 91.75 crore in Q1 FY24. Revenue increased 4.2% YoY to Rs 645.33 crore in Q1 FY25.Powered by Capital Market - Live

Gillette India announced that the 40th Annual General Meeting (AGM) of the company will be held on 3 December 2024.Powered by Capital Market - Live

Net profit of Gillette India rose 26.40% to Rs 115.97 crore in the quarter ended June 2024 as against Rs 91.75 crore during the previous quarter ended June 2023. Sales rose 4.18% to Rs 645.33 crore in the quarter ended June 2024 as against Rs 619.44 crore during the previous quarter ended June 2023. For the full year,net profit rose 15.75% to Rs 411.70 crore in the year ended June 2024 as against Rs 355.68 crore during the previous year ended June 2023. Sales rose 6.30% to Rs 2633.08 crore in the year ended June 2024 as against Rs 2477.05 crore during the previous year ended June 2023. ParticularsQuarter EndedYear EndedJun. 2024Jun. 2023% Var.Jun. 2024Jun. 2023% Var. Sales645.33619.44 4 2633.082477.05 6 OPM %27.0523.19 -23.8321.77 - PBDT176.43145.28 21 644.89553.59 16 PBT155.23123.64 26 562.25472.90 19 NP115.9791.75 26 411.70355.68 16 Powered by Capital Market - Live

Revenue from operations grew by 4.18% year on year to Rs 645.33 crore during the quarter, driven by a robust portfolio, strong brand fundamentals and superior retail execution. The company's revenue from Grooming was at Rs 519.68 crore (up 7.07% YoY) while the income from Oral Care stood at Rs 125.65 crore (down 6.28% YoY) during the period under review. Profit before tax in the June quarter was at Rs 155.23 crore, up 25.55% from Rs 123.64 crore recorded in the corresponding quarter previous year. On full year basis, the firm's net profit stood at Rs 411.70 crore in FY24, recording a growth of 15.75% YoY, with the strong sales growth in the current quarter. Despite a challenging operating and competitive environment, the company delivered sales of Rs 2,633.08 crore in FY24, up 6.3% versus year ago. The company said that it continued to strengthen its position as a leading player in the Blades and Razors category in FY 2023-2024. Throughout the fiscal year, Gillette continued to delight the Indian consumers and drive category growth through a strong product portfolio, superior consumer communication and a continuous stream of product innovations. V Kumar, managing director of Gillette India, said, 'This was another strong performance by Gillette India, delivering a balanced top-line and bottom-line growth in the fiscal. These results were enabled by our teams' superior execution of the integrated strategy which we remain committed to ' a focused product portfolio of daily use categories where performance drives brand choice, superiority (of product performance, packaging, brand communication, retail execution and consumer and customer value), productivity, constructive disruption, and an agile and accountable organization ' all aimed at delivering sustainable, balanced growth and value creation. This strategy is yielding consistent results for us, and therefore remains the right way forward as we step into the new fiscal year.' Meanwhile, the company's board recommended a dividend of Rs 45 per equity share for the financial year ended 30 June 2024. The dividend will be paid between 3 December 2024 to 25 December 2024, on approval of the members at the 40th annual general meeting. Gillette India is engaged in the manufacturing and sale of branded packaged fast-moving consumer goods in the grooming, portable power and oral care businesses. Shares of Gillette India rose 0.24% to close at Rs 8993.90 on the BSE. Powered by Capital Market - Live

Gillette India announced that the Board of Directors of the Company at its meeting held on 29 August 2024, has recommended a Final dividend of Rs.45 per share (i.e.450%), subject to the approval of the shareholders.Powered by Capital Market - Live

Shares of the Gillette India jumped 16.81% in eight trading sessions from its recent closing low of Rs 7,687.60 on 13 August 2024. The stock hit an all-time high of Rs 9,049.75 today. The counter has soared 67.28% from its 52-week low of Rs 5,410 hit on 25 August 2023. On the BSE, 7,831 shares were traded in the counter so far compared with average daily volumes of 1,423 shares in the past two weeks. The stock had outperformed the market over the past one month, rising 15.21% as against Sensex's 0.51% increase. The scrip had outperformed the market in past three months, jumping 30.64% as against 8.4% rise in Sensex. The counter had also outperformed the market in past one year, soaring 65% as against Sensex's 25.98% surge. On the technical front, the stock's daily RSI (relative strength index) stood at 77.615. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading above its 50 day, 100-day and 200-day simple moving average (SMA) placed at 7,714, 7,268.21 and 6,866.72, respectively. These levels will act as crucial support zones in near term. Meanwhile, the board of Gillette India will consider Q4 results on 28 August 2024. Gillette India is engaged in the manufacturing and sale of branded packaged fast-moving consumer goods in the grooming, portable power and oral care businesses. Gillette India reported 3.5% decline in net profit to Rs 99.09 crore in the third quarter ended 31 march 2024 as against Rs 102.70 crore recorded in the same period a year ago. Revenue from operations grew by 10% year on year to Rs 680.74 crore in the quarter ended 31 March 2024. Powered by Capital Market - Live

Gillette India has revised the meeting of the Board of Directors which was scheduled to be held on 28 August 2024. The meeting will now be held on 29 August 2024.Powered by Capital Market - Live