Reserve Bank of India Bulletin – September 2018

Nestle India shares reached a record high after a strong June quarter performance. Revenue growth accelerated significantly year-on-year, reaching 25.2 percent. However, operating margins moderated sequentially due to increased advertising investments. Exports also showed steady growth, driven by market penetration and product additions. The company anticipates continued healthy demand supported by premiumization and innovation.

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Kusumgar’s Rs 650-crore initial public offering received a strong response on its final day. Non-Institutional Investors led the subscription frenzy, bidding significantly over their reserved quota. Qualified Institutional Buyers also showed considerable interest in the company’s shares. The grey market premium suggests a potential listing gain of nearly thirty-eight percent. The company’s shares are scheduled…