Category: Stocks

According to a Motilal Oswal, Tata Steel will not benefit from inexpensive ore, Russian coal. Tata Steel, buzzing stock ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] >= 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] < […]

India faces twin deficit problem due to rising subsidies, commodity prices Higher commodity prices and rising subsidy burden are leading to an increase in both fiscal and current account deficits, the finance ministry has warned. As government revenues take a hit after cuts in fuel levies, an upside risk to fiscal deficit has emerged. The […]

Stocks to Watch: Check out the companies making headlines before the opening bell. Bharat Forge: Bharat Forge to consolidate electric vehicle business. The company has decided to consolidate its electric vehicle business initiatives under Kalyani Powertrain Ltd (KPL), a wholly-owned subsidiary, for a better strategic alignment. Accordingly, its investment committee – strategic business has approved […]

(Representative image: Reuters) The proposed free trade agreement with the European Union, when implemented, will provide greater market access for several domestic sectors such as textiles, leather and sports goods in the EU market, commerce and industry minister Piyush Goyal said on Monday. After a gap of over eight years, India and the EU on […]

The RPG group company’s transmission and distribution business has secured orders for projects in India, the Middle East and the Americas KEC International is executing infrastructure projects in more than 30 countries. KEC International, a global infrastructure engineering, procurement and construction (EPC) major, on June 20 said that it has bagged new orders worth Rs 1,092 […]

Representative Image (istock.com) Manufacturers of small packaged fruit juices and dairy products such as Parle Agro, Dabur and Mother Dairy are resorting to imported paper straws despite higher costs to continue selling their products as the deadline for implementing the ban on plastic straws from July 1 draws closer. The manufacturers, however, want the government […]

Representative Image The Finance Ministry on Monday held a meeting with heads of public sector banks (PSBs) to review their annual performance and progress made by them on various government schemes. The meeting was scheduled to be chaired by Finance Minister Nirmala Sitharaman, but she could not attend due to some other pressing engagement. However, […]

BSES power discoms in Delhi will install 50 lakh smart metres in a mammoth project with a capital cost of up to Rs 4000 crore, authorities said on Monday. PTI June 20, 2022 / 08:25 PM IST Representative Image In a mega project, BSES power discoms in Delhi will install 50 lakh smart meters with […]

The British government announced on Monday that “buy now, pay later” (BNPL) companies will be required to do affordability checks, obtain clearance from the Financial Conduct Authority (FCA), and ensure that advertisements for their schemes are fair and clear. Reuters June 20, 2022 / 03:32 PM IST Representative Image Britain plans to make “buy now, […]

On the sectoral front, FMCG index added 1 percent and IT index was up 0.4 percent. However, oil & gas, metal, capital goods, power and realty fell 1-4 percent. BSE midcap index shed 1.4 percent and smallcap index fell 3 percent. Benchmark indices ended on positive note in a highly volatile session on June 20. […]

On Monday, the rupee gained 7 paise versus the US dollar, settling at 77.98 (provisional) against the greenback as crude oil prices fell from their highs. However, forex dealers said that unabated foreign fund outflows limited the rupee’s appreciation bias. PTI June 20, 2022 / 04:07 PM IST Representative Image The rupee appreciated by 7 […]

Representative image Auto ancillaries’ revenues are expected to grow 8-10 per cent in 2022-23 on the back of a stable demand and likely easing of supply-chain concerns in the second half of the year, Icra said on Monday. At the same time, the sector’s coverage metrics is also likely to remain comfortable in 2022-23, benefitting […]

The share touched a 52-week high of Rs 440.75 and a 52-week low of Rs 242.60 on 11 April, 2022 and 18 June, 2021, respectively. Vedanta ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] >= 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); […]

The metals and mining conglomerate has posted an advertisement inviting EoIs by July 4 for the plant, which it said accounted for 40% of India’s copper output and employed thousands File image of Vedanta’s Sterlite plant in Tuticorin (Image Source: Mongabay) ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else […]

Global crude oil is still up 42 percent this year on supply concerns Representative image ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] >= 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); }else if(resData[stkKey][‘percentchange’] < 0){ $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); //$ […]

Thanks to the significant underperformance, the stock of Coforge is now reasonably valued and offers good risk-reward (Illustration by Suneesh K.) PRO Only Highlights–  Quarterly performance largely backed by improved realisations–  Medium-term triggers China plus and protectionist measures for tyre industry–  Valuations not inexpensive; but improved medium-term outlook Coforge (CMP: Rs 3376, Market […]