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Gillette India Profit Up, Stock Down

Share price of Gillette India shaved off near 4-percent even after the FMCG major reported strong Q4 earning numbers. The top FMCG player Gillette India Limited on Wednesday reported results for the quarter ended 31-March, 2019. The company brought out sales of Rs466-crores, up 3pc versus year ago. The profit...
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L&T Stock Rise After Buying Stake In Shipbuilding Unit For Rs32.74-Cr

In a stock exchange filing on Thursday, the Infrastructure major Larsen & Toubro Ltd (L&T) said, that it has purchased Tamil Nadu Industrial Development Corp’s (TIDCO) 3pc stake in L&T Shipbuilding Ltd for Rs32.74-crore.  After the above acquisition, L&T Shipbuilding Ltd will become the wholly-owned subsidiary of Larsen &Toubro. L&T...
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Asian Paints Shares Fall On CLSA Downgrade

Shares of Asian Paints lose shine over 3% on Tuesday after global brokerage CLSA has down-graded the stock to ‘Sell’  from ‘Outperform’ while cutting the TP to Rs1,400 from Rs1,565.  The CLSA said, it turn cautious given near term concerns on demand 7 high expectation from the stock. Meanwhile, the...