Background: Kajaria Ceramics is the largest tile manufacturer in India, with a 73 msm annual capacity (28.10MSM Ceramic tiles, 44.9MSM Vetrified tiles) spread across eight plants; three plants in Morbi, Gujarat with cumulative capacity of 15.9 MSM, one each in Sikandrabad - UP (8.4MSM), Vijayawada - AP (2.9 MSM) and Sri Kalahasti - AP (5 MSM), Malootana Rajasthan (6.5 MSM) and Gailpur - Rajasthan (34.3 MSM). Kajaria has a strong distribution network of 1,400 dealers,...
In 2QFY22, TVS motors reported standalone revenue of 56.2bn (22.0%/42.8% YoY/QoQ); led by better than expected ASP growth (+3.4% QoQ vs. +1.5% NBIE). Realizations rose 15% YoY (2% QoQ) to 61.1k on the back of price hikes and better product mix. EBITDA margin improved 270bp QoQ (20bp YoY) to 13.7%, aided by better operating leverage. Gross margins came in at 24.1% (down 20bps QoQ) due to RM cost headwinds. As a result, EBITDA and adjusted PAT improved...
Background: Heidelberg Cements (HCIL), erstwhile Mysore Cements set up by Birla group in 1958 is now a subsidiary of Heidelberg AG, the world's third largest cement manufacturer. The company manufactures portland cement brand through its three plants located at Ammasandra, Karnataka (0.6 MTPA), Damoh, Madhya Pradesh (2.1 MTPA) and Jhansi, Uttar Pradesh (2.7 MTPA). The company also caters to Bangalore, Mumbai and Pune apart from MP and UP. The company has a...
Markets remain closed on account of Dussehra Benchmark indexes Sensex and the Nifty jumped about 1 percent on Thursday to extend gains for the sixth straight session amid firm global cues and the weekly F&O; expiry. Gold was set for its best week in more than five months as both the...
Background: Mindtree is a global technology consulting and services company, helping enterprises marry scale with agility to achieve competitive advantage. Born digital, in 1999 and now a Larsen & Toubro Group Company, Mindtree applies its deep domain knowledge to 290+ enterprise client engagements to break down silos, make sense of digital complexity and bring new initiatives to market faster. We enable IT to move at the speed of business, leveraging emerging technologies and the efficiencies of Continuous Delivery to spur business innovation. Operating in more than 15 countries across the world, we're consistently regarded as one of...
Markets fell for a fourth straight session The Bajaj twins fell on profit taking after recent gains. Bajaj FinServ lost 3.2 percent and Bajaj Finance gave up 1.9 percent. Shares of Crompton Greaves Consumer Electricals, JK Cement, Delta Corp and Abbott India jumped 2-10 percent after the shares were added to the futures and options (derivative) segment of...
Mixed global cues and caution ahead of infrastructure output data for August due out later in the day also weighed on markets. Tata Motors rose over 1 percent after reports that the company is...
US stocks After ending the previous session sharply lower, stocks fluctuated over the course of the trading session. The major averages eventually ended the session mixed, with the tech-heavy Nasdaq edging down to a new two-month closing low. Asian stocks ended broadly lower after tech stocks led a sell-off on...
Bajaj FinServ, Divis Laboratories, Bajaj Finance, Tech Mahindra and Bharti Airtel fell 3-4 percent in the Nifty pack, while IOC, Sun Pharma, NTPC, Coal India and Power Grid Corp all rose about 4 percent....
ONGC advanced 2.8 percent as Brent futures headed towards $80 per barrel on supply concerns and amid optimism over rising demand. On the losing side, technology stocks ended lower to snap four...
