European stocks ended notably lower amid worries the rapid spread of the Delta variant of coronavirus could significantly slow down the pace of global economic recovery. US stocks moved mostly lower during trading following the mixed performance seen in the previous session. With the drop on the day, the tech-heavy Nasdaq pulled back off yesterday's record...
European stocks ended lower after a cautious session amid signs of a slowdown in global economic recovery due to the surge in coronavirus cases of the Delta variant. US stocks The major U.S. averages ended mixed after a somewhat cautious session with investors weighing the likely impact of surging coronavirus of the Delta variant on the pace of economic recovery. The Nasdaq closed at a fresh record high, while the Dow and the S&P; 500 drifted lower. Expectations that the Federal Reserve will...
European stocks closed higher on hopes the Federal Reserve will continue with its easy monetary policy for longer time, and central banks in several countries, including Japan and China will announce additional stimulus to keep economic recovery on track. US stocks With traders showing some uncertainty about the repercussions of the Labor Department's monthly jobs, stocks turned in a lackluster performance during trading on Friday. Despite the choppy trading, the tech-heavy Nasdaq reached a new record...
Markets hit fresh record highs despite mixed global cues ahead of a key U.S. jobs report later in the day Heavyweight Reliance Industries jumped as much as 4.2 percent to hit a record high as Reliance Retail completed the acquisition of Just Dial. ONGC jumped 4 percent after oil prices rose more than $1 a barrel on Thursday amid optimism that the oil market can absorb additional...
Tata Motors shed 0.8 percent and Mahindra & Mahindra gave up 1.9 percent on concerns related to an acute shortage of semiconductors. Vodafone-Idea shares rallied as much as 18 percent after the Chairman of Aditya Birla Group (ABG) Kumar Mangalam Birla met with Telecom Minister Ashwini Vaishnaw, helping fuel speculation the...
Markets ended a tad lower, with metals and information technology companies pacing the declines Weak auto sales figures reported by Tata Motors, Maruti Suzuki India...
Markets rose sharply, helping lift key benchmark indexes Sensex and the Nifty to fresh record closing highs Global cues were supportive as hopes for more policy support overshadowed economic risks from a surge in COVID-19 cases and concerns over China's regulatory clampdown on private industries. Closer home, investors awaited the GDP data for the first quarter due...
In 1QFY22, KSCL's standalone revenue declined by 8.8% YoY to 6.8bn; on the back of lower volumes in Cotton and Maize segments. Maize segment volumes declined by 18.3% YoY while revenue decreased by 7.8% YoY. Cotton segment volumes and revenue were lower on a YOY basis by ~28%, as area under cultivation has decreased in all major cotton...
Background: Repco Home Finance Limited (RHFL) is a low to medium ticket size home loan financing company predominately based in tier II / III cities of southern India. Promoted by the State-owned Repco Bank Ltd in 2000, RHFL presently has 153 branches and 24 satellite centers of which ~87% are located in the southern market. Repco has shown robust growth in its loan book clocking 21% CAGR (FY13-FY19) and stood at ~119bn at the end 1QFY22. RHFL average loan per unit is...
Background: JK Cements is one of the largest cement players in North India. It manufactures grey cement, white cement and white cement-based wall putty. Currently the grey cement capacity is 10.5MTPA. Domestic white cement capacity is 0.6MTPA (second only to UltraTech). The company also manufacturers putty and has an installed capacity of 0.7MTPA. The company also has plants in Fujairah (UAE) with an installed capacity of 0.6MTPA (white cement) and 1.02MTPA (grey cement) in a 90:10 JV with the Government of Fujairah. It has also expanded its grey cement capacity by 3 MTPA through two split grinding units (1.5 MTPA...
