Shares of all four companies that moved up on today’s market, and will keep moving:
- Godrej Consumer Products Ltd. (NS:GOCP): The company said, “In India, we expect to deliver sales growth in high teens, driven by strong volume growth and calibrated price increases. We expect our 2-year CAGR to be in the double digits.” The stock price gained 3.89% to close at Rs 925.9.
- Marico Ltd (NS:MRCO): Marico’s pre-results update said, “The India business delivered 30% plus revenue growth, backed by a robust double-digit volume growth….Operating margins should see significant sequential improvement in Q1 due to higher operating leverage and trend towards medium term expectations.” The stock closed up 2.07% at Rs 530.6
- HDFC Bank Ltd (NS:HDBK): The bank reported a growth of 14.4% in credit for the Q1 FY21 quarter. Retail deposits also grew. The stock closed higher 1.09% at Rs 1,496.
- Tata Steel Ltd (NS:TISC): The company closed up 1.98% at Rs 1,158.5 after it reported that its consolidated crude steel output grew over 43% in the quarter, and its sales rose 35%.