Share Market News: GRM Overseas Shares In Focus As FMCG Expands Product Portfolio

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Share Market News: GRM Overseas Shares In Focus As FMCG Expands Product Portfolio | Details Here

Established in 1974, GRM Overseas was initially set up as a rice processing and trading house. It grew to become a consumer staples organisation over the years.

Share Market News: Shares of GRM Overseas are in focus as the FMCG company has launched new product. The company has informed exchanges that it has launched new product ‘Gulistan Kachi Ghani Mustard Oil’ under the ’10X Shakti’ brand under its subsidiary company GRM Foodkraft Private Limited. “The launch is a part of GRM Overseas aim to strengthen product offering of its material subsidiary GRM Foodkraft Private Limited,” a filing said.
“The launch will further strengthen our position in the fast-growing packaged food industry in the domestic market. Our focus has always been to reach a wide consumer base with a diverse range of products to strengthen brand,” Atul Garg, chairman & MD, said.
Established in 1974, GRM Overseas was initially set up as a rice processing and trading house. It grew to become a consumer staples organisation over the years.

Sensex, Nifty Close at Fresh Record Highs in 3rd Straight Day of Gains On Tuesday
Continuing the record-breaking run for the third straight day, benchmark Sensex and Nifty closed at record high levels on Tuesday following buying in FMCG, telecom and select IT shares and FII inflows.
The 30-share BSE Sensex climbed 51.69 points or 0.06 per cent to settle at a new lifetime high of 80,716.55. During the day, it advanced 233.44 points or 0.28 per cent to hit a fresh record high of 80,898.30.
The NSE Nifty rose by 26.30 points or 0.11 per cent to settle at an all-time closing high of 24,613, extending the gaining streak to the third day. Intra-day, it rallied 74.55 points or 0.30 to hit a new record peak of 24,661.25.
Stock markets opened on a firm note and benchmark indices hit intra-day record high levels in the first half. However, losses in Reliance Industries and Kotak Bank restricted gains and dragged indices from the day’s highs.

Sensex and Nifty have been on a record-breaking run since Friday as foreign investors have turned net buyers in the Indian equities amid growing hopes of a rate cut by the US Fed by September. Encouraging quarterly results by blue-chips have also supported the rally despite high valuation concerns, according to analysts.

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