Nifty ended flat with a gain of 1 point, awaiting an upside breakout. Artisan Partners divested a 1.2% stake in Indus Towers. S&P 500 hits a fresh record high. Vedanta considers minority stake sale in Zambian copper assets. Apollo Tyres’ Q3 net profit jumps 78%. Alibaba misses revenue estimates, boosts share buyback. Sobha’s net profit falls 53%. Foreign portfolio investors turn net sellers. JK Paper reports a 29% decline in net profit. Oil prices rise on lower-than-expected rise in US crude stockpiles. Get all the latest updates on the stock market.
Parle Products, the renowned biscuit maker, witnessed a growth slowdown of 4% in FY23, after experiencing consistent double-digit growth over the past three years. Despite the slowdown, Parle retained its position as India’s largest food company. The company’s net sales reached Rs 17,223 crore, while profits tripled to Rs 905 crore.
