As per a leading financial daily, SEBI in its discussion paper has proposed that the top 200 companies by market capitalization would be required to file Annual Information Memorandum (AIM) every year. The AIM would provide consolidated information about companies in a single document and will come into effect from 1st April 2014. The AIM document will essentially provide vital details about the company such as history, promoters, contact information, key managerial personnel, business & industry description, capital structure, market price, financial statements, management discussion & analysis, utilization of issue proceeds, industry regulations and policies, legal information and any other material information of the preceding year. This is likely to improve the transparency level in the stock markets.
Majority of the food stocks are trading in the green with Tata Coffee and Godfrey Phillips being among major gainers. As per a leading financial daily, Nestle announced its results for the quarter ended December 2013. The company clocked a 4.7% increase in revenue in 4QCY14 on a 3.7% YoY rise in domestic sales and 21% YoY jump in export turnover. However, operating margin contracted by 2.5% YoY due to a faster rise in raw material costs and other expenses. At the net level, Nestle has been able to limit contraction in profit margin to 0.5% aided by a steep rise in other income earned and lower provisioning. For the full year 2013, the company reported a 9% growth in topline and a subdued 4.6% increase in net profits. The company has declared a final dividend of Rs 12.5 per equity share of face value of Rs 10. The total dividend declared in CY13 adds up to Rs 48.5 per share. Nestle's stock is currently trading up by 0.9%.