Archive for July, 2020
07/28/2020
Former JNU Students Union president Kanhaiya Kumar on Tuesday joined the Congress in presence of party leader Rahul Gandhi. He was inducted at a function at the All India Congress Committee headquarters in New Delhi. Meanwhile, Gujarat MLA Jignesh Mevani extended his support to the party. I am an independent MLA, if I join a
07/28/2020
The domestic equity markets are currently in a triumphant mode with the benchmarks – Sensex and Nifty – scaling record highs since the past three trading sessions. However, market observers have issued a note of caution over the ability of the markets to sustain those highs. The market is skewed at present, riding on the
2019 stock market outlook: Buy good stocks, don’t worry about China, US, RBI, says Saurabh Mukherjea
07/28/2020
Even as global stock markets are currently volatile, retail investors shouldn The retail investors must hold on to their equity investments for at least 10 years to expect better returns, Saurabh Mukherjea, Founder, Marcellus Investment Managers tells Ashish Pandey of FE Online. The investors should not be too much concerned about what China, the US
07/28/2020
For our coverage universe, we forecast Q2 revenue\/Ebitda\/PAT growth of 10%\/6%\/5% y-o-y. Sequentially, we expect a slowdown as COVID-19-related demand receded during the quarter. We expect our coverage universe to record a decline of 3%\/9%\/9% in revenue\/ Ebitda\/PAT on a q-o-q basis. The key trends that we expect during the quarter are as follows: We
07/28/2020
By Since March, many growth sectors were beaten down on account of uncertainty regarding macro-economic growth. However, with the unlock procedures being undertaken globally, the rally in heavyweight stocks fuelled by the stock-specific news such as in Reliance Industries and HDFC has supported the markets up move. While the recent market rally has been impressive,
07/28/2020
SAIL2 bn (up 6.9% q-o-q) surpassed consensus forecast. Key points: (i) Sales volume rose 28% q-o-q to 4.28mt. (ii) Ebitda\/t dropped 17% q-o-q due to higher coking coal cost. (iii) Gross debt reduction of Rs 78 bn q-o-q. (iv) Second interim dividend of Rs 4 Going ahead, mgmt expects the company to be net debt-free
Work from home: Network issue, communication gap play spoilsport, but no travel adds to productivity
07/28/2020
With over more than a year since COVID-19 was declared as pandemic, most of the organisations have been letting their employees to work from home. Ashish Rathi, Whole Time Director, HDFC Securities, told Financial Express Online that while working from home, he missed the in-person connection the most. He added that the best part of
07/28/2020
By Shrikant Chouhan The market continued to remain range bound, trading between 15150\/51200 and 14900\/50200 levels. However, towards the end, Nifty IT and Bank Nifty helped the broader market to move higher. To a greater extent, broad-based buying in the technology sector has helped the market to close higher compared to the financial sector. From
07/28/2020
BEML Limited has signed a Memorandum of Understanding (MoU) with RITES Limited, a leading transport infrastructure consultancy and engineering company, to explore and jointly bid for opportunities in the fields of Metro systems and export of rolling stock. As part of the MoU, RITES will provide expertise in design, engineering, marketing and any other support
07/28/2020
WardWizard Innovations and Mobility Ltd on Monday said it will invest Rs 500 crore for the development of the electric vehicle segment in Gujarat. The company said it has inked a memorandum of understanding (MoU) with the Gujarat government to foster the growth of the electric vehicle industry and meet the governments vision of strengthening
