The key benchmark indices are likely to start trade with mild gains on Thursday taking cues from the global counterparts. As of 08:00 AM, the SGX Nifty March futures quoted at 16,666 – indicating a gap up of 50-odd points on the NSE benchmark. Here are the stocks to focus in trade today.
The fast-moving consumer companies are in a spot with commodity prices soaring as a result of the Russian invasion of Ukraine. Crude palm oil is also at an all-time high of $1,854 per tonne. These companies are now forced to rethink their price hike strategie due to high raw material costs.
The diversified conglomerate plans to hike milk prices over the next few days, to pass on increased cost of procurement from farmers. Farmers’ faced cost push in the past nine months, which in turn led to an increase in procurement prices by Rs 3-4 a litre for the company.
Complete News Source :Business Standard
