Deodorant and shampoo sales slump during Covid-19 lockdown

Joseph B. Hash

Customers are shunning shampoo and deodorant as particular grooming will take a backseat throughout lockdown, in accordance to the maker of Lynx.

Shopper goods huge Unilever reported there had been a slump in product sales for a host of its goods as buyers pay out less interest to their look while trapped at property.

Numerous buyers are now holding off on shaving and washing their hair, the firm reported, with even deodorant taking a again seat in some cases.

About a quarter of particular care goods relate to buyers obtaining completely ready to go to college or work, in accordance

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Hexaware Q1 profit rises 26% to Rs 175 cr; suspends full-year guidance

Joseph B. Hash

Hexaware Technologies, the Mumbai-primarily based IT and small business approach management organization, on Wednesday documented income quantities improved than analysts anticipated for the quarter finished March 2020 but withdrew income and margin advice it experienced offered for FY20.

Hexaware’s web income rose 26.three per cent 12 months-on-12 months at Rs a hundred seventy five crore whilst it greater 4.three per cent on a sequential basis for the January-March interval, according to the company’s exchange filing.

Profits rose 22 per cent 12 months-on-12 months to Rs 1,541.8 crore for the duration of this interval. The quantities remained flat sequentially. Revenues ended

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MARKET WRAP: Indices extend rally, Sensex up 606 pts; metals, banks surge

Joseph B. Hash

markets

NSE’s benchmark index Nifty settled at 9,553, up 172 factors or 1.84 for each cent.

Extending its gains for the 3rd straight working day, the domestic equity industry settled in the good territory on Wednesday, supported by acquiring in monetary, IT, auto, and metal stocks.

The S&P BSE Sensex rallied 606 factors or nearly 2 for each cent to settle at 32,720. HDFC emerged as the biggest gainer on the index – up 7 for each cent. HDFC Financial institution, HCL Tech, and Mahindra & Mahindra (M&M) have been following on the gainers’ checklist. On the flip aspect, Axis Financial
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Deepak Nitrite rallies 10% on heavy volumes, inches toward record high

Joseph B. Hash

Shares of Deepak Nitrite rallied 10 per cent to Rs 534 on the BSE on Wednesday on the back again of weighty volumes. The inventory of commodity chemical compounds producer was trading close to its all-time significant of Rs 543 touched on March 4, 2020.

The trading volumes on the counter much more than doubled with a merged 2.32 million equity shares, symbolizing 1.7 per cent of whole equity of Deepak Nitrite, changing palms on the NSE and BSE until 01:fourteen pm.

In the earlier a person 7 days, the inventory has surged 17 per cent following Deepak Phenolics, a

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