Nestle India's Q2 results misses analysts' expectations, with net profit falling 1% to ₹899.5 crore and revenue rising 1.3% to ₹5,104 crore, missing estimates of ₹5,301 crore, due to weak domestic volume growth and subdued export performance, with brokerages downgrading earnings estimates and target prices.
Open FlipGold prices experienced a slight increase on Friday. The cost of 24 carat gold is Rs.7829.3 per gm, reflecting an increase of Rs.220.0. The cost of 22 carat gold is Rs.7178.3 per gm, up by Rs.200.0. The price change in 24 carat gold over the last week has been 0.03%, while in the past month it has decreased by 5.33%. The current price of silver stands at Rs.100000.0 per kg.
Open FlipThe three stocks like Indraprastha Gas Ltd., Mahanagar Gas Ltd. and Gujarat Gas Ltd. are under selling pressure after a 20% cut in their gas allocation through the Administered Price Mechanism (APM) triggered concerns. Shares of 📌IGL are currently trading 12.09% lower at ₹443.55, 📌Mahanagar Gas shares are trading 12.70% lower at ₹1,538.30, while those of 📌Gujarat Gas are down 4.07% at ₹547.05.
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