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Hindustan Unilever's stock rose 3.5% after reporting June quarter results that exceeded expectations, despite a slight dip in Ebitda margin due to increased advertising. Sales volume grew by 4%, with underlying sales growth reaching 5%. The company anticipates sustained business momentum, driven by price increases and stable input costs, expecting Ebitda margins to remain between 22% and 23%.
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News and Media
Indian markets reacted negatively to US tariffs. Donald Trump imposed 25% tariffs on India. Most sectoral indices closed lower. Textiles, automobiles, oil & gas, and pharmaceuticals are likely to be affected. Textile stocks could face pressure. There is ambiguity on the auto sector impact. Oil & gas sector also faced a drop. Pharma sector also declined due to the tariffs.
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News and Media
The Indian rupee hit a record low, closing at 87.59 against the dollar. This decline occurred due to worries about US tariffs and continuous selling of Indian stocks. A strong dollar also contributed to the rupee's fall. During the day, it even touched 87.74. However, the rupee recovered slightly, possibly because of intervention by the central bank.
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News and Media
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