Archive for June, 2017
06/27/2017
Coal India Ltd on Thursday said it does not foresee any shortage of dry fuel for power producers till March 2022 as it is focusing on ramping up production to secure a stock of about 70 million tonne by end of the current fiscal. Around 100 million tonne of pithead stock, which was carried forward
06/27/2017
The Phoenix Mills For FY21, mall consumption of Rs 33.3 bn was at 69% of FY20 levels while rental income of Rs 5.6 bn stood at 55% of FY20 levels. To tide over the disruptions, PHNX has raised ~Rs26 bn of equity capital through QIP route and SPV level stake dilution between Aug We assume
06/27/2017
By Nikhil Kamath Narendra Modi led NDA government won the 2019 polls with a landslide victory, the quantum of which very few analysts or exit polls succeeded in predicting. This saffron wave can largely be attributed to the pro-development, anti-corruption sentiment the incumbent government has taken. Indian voter sentiment in the 2014 elections was one
06/27/2017
BSE Sensex and Nifty 50 were trading at days lows on Thursday, as sell-off intensified on D-Street on FO expiry day. The 30-stock index Sensex was hovering near 60,600, while the NSE Nifty gave up the 18,050 levels. Amid this sell-off, a total of 24 stocks hit their fresh 52-week low levels on BSE so
06/27/2017
Kajaria strongly outperformed our as well as consensus forecasts for Q2FY22 driven by solid volume growth (25% y-o-y) with Ebitda margin at 18.5%. Despite rising input cost, Kajaria has been able to pass it on, delivering 30% y-o-y PAT growth. Furthermore, management maintained strong growth outlook for H2FY22 in spite of continued uptick in input
06/27/2017
By During the second wave of the Covid-19 pandemic, the grim realities of healthcare in India became evident. With the virus evolving and spreading much quicker than in the previous wave, no country could have completely defended itself. However, unlike the first phase, when the country was caught off guard by the pandemic, the second
06/27/2017
The Information Technology industry has emerged as a big winner for the stock market investors, with global giants like Apple, Microsoft, Amazon and many others leading the stock market rally over the previous 18 months. While the sector holds a promising outlook, there are risks associated that investors need to be aware of. The Information
06/27/2017
Drawing lessons from the pandemic-induced crisis of medical oxygen in the country, the government on Wednesday launched a programme to train healthcare workers on its efficient management to ensure its rational use and avoid any wastage. Launching the National Oxygen Stewardship Programme at the AIIMS here, Union Minister of State for Health Bharati Pravin Pawar
06/20/2017
Shares of companies related to the auto sector were in demand on Wednesday after the Union Cabinet approved a Rs 26,058 crore-Production Linked Incentive (PLI) scheme for auto, auto-components and drone industries. The scrip of Varroc Engineering zoomed 20 per cent, Jamna Auto Industries rose 6.25 per cent, Pricol Ltd jumped 3.52 per cent and
06/20/2017
Domestic equity market benchmarks BSE Sensex and Nifty 50 were staring at a cautious start on Wednesday, a day before weekly FO expiry. In the previous session, headline indices ended higher for the second straight day. Sensex settled at 59,744 while Nifty 50 closed at 17,822. Bank Nifty gained 0.43% to close at 37,741. Asian
