With the cigarettes business mired in regulatory and tax-related pressures, the prospects of the FMCG business, despite being smaller in size, appeared attractive.
Though the stock market has broadly recovered from its August swoon, the same can't be said of transport stocks. Continuing weakness in railroad and trucking companies have pushed the Dow Jones Transport Average index.
Suzlon Energy Ltd today reported a consolidated loss of Rs 181.10 crore for the quarter ended September 30, 2015, not comparable with the prior period.
Muthoot Finance Ltd., major gold financing company, has recorded marginal increase of 2% in the net profit for the second quarter compared to a year ago. The net profit stood at Rs 174 crore at the end of September 30, 2015.
US stocks were little changed on Friday as investors paused on the last trading day of what could be the best month for the three major indexes in four years.