Marico Ltd. and Dabur India Ltd. shares surged up to 6% to near 52-week highs after strong business updates for the June quarter of FY25. Marico's domestic business saw modest volume growth, with Parachute Coconut Oil posting low single-digit growth and Saffola Oils delivering mid-single digit growth. Dabur expects mid-to-high single-digit revenue growth.
Open FlipRecord heat and hurricanes threaten to test US refiners' resilience, raising the risk of volatile fuel prices. Government forecasters expect up to seven major hurricanes, double the annual average. A major storm could remove up to a million barrels of fuel supply, leading to extended outages or permanent closures, and prices could jump 25-30 cents per gallon.
Open FlipThe S&P 500 and Nasdaq-100 indexes had a strong first half of 2024, but dividend stocks underperformed, with the Dow Jones US Dividend 100 Index rising only 2%. 3 Dividend Stocks to Buy for the Second Half are: 📌Enbridge, 📌Brookfield Infrastructure, and 📌Brookfield Renewable stand out as attractive dividend stocks, offering yields of 7.5%, nearly 5%, and 5%, respectively.
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