Maruti suzuki’s financial performance for the fourth quarter of the fiscal year 2022-23. Average selling price (ASP) remained flat at approximately Rs 599k, which was slightly lower than the estimated Rs 605k. The company’s Ebitda missed estimates by 4%, due to higher raw material costs/sales at 76.2% (+40bp q-q) from sourcing from the Gujarat plant […]
Domestic equity market benchmark indices are ending the calendar year 2021, down 8% from their all-time highs. While Dalal Street has seen a double-digit correction recently, the benchmark Nifty 50 is trading at close to 21x Fwd. PE, which is still expensive said Amit Premchandani, Senior Vice President & Fund Manager – Equity, UTI Mutual […]
Indian benchmark equity indices surged on Friday after GQG purchased stakes worth $1.87 billion in four Adani firms. The Nifty 50 rose 201.35 pts or 1.16% to 17,523.25 and Sensex surged 675.81 pts or 1.15% to 59,585.16. Bank Nifty skyrocketed 714.35 pts or 1.77% to 41,104.15. The top gainers on Nifty 50 were Adani Enterprises […]
By Manish Gupta The fourth quarter of FY23 likely marked a turnaround in the earnings of downstream oil and gas companies. State-run oil marketing companies (OMCs) likely made high “over-recoveries” on transport fuels with no retail price cut despite a moderation in crude oil prices and diesel cracks. In addition, their refining margins too remained […]
More shares belonging to companies of the embattled Adani Group have been pledged as security for loans taken by the group’s flagship firm, a trustee said. SBICap Trustee in notices to stock exchanges said that a further 0.99 per cent shares in Adani Green Energy Ltd were pledged “for the benefits of the lenders” of […]
Indian government bond yields are expected to trend lower in early session on Wednesday, tracking U.S. peers, even as market participants await the Reserve Bank of India‘s monetary policy decision. The 10-year benchmark 7.26% 2032 bond yield is expected to be in the 7.28-7.33% range on Wednesday after closing at 7.3142% on Monday. India’s financial […]
In a crackdown against unregulated stock recommendations through social media, Sebi has cracked the whip on multiple entities who allegedly ran a nexus to inflate share prices of two connected firms — Sadhna Broadcast and Sharpline Broadcast — by providing misleading information on two YouTube channels. A notable name was that of actor Arshad Warsi, […]
The death toll from China’s most powerful earthquake in years has risen to 149, with two people still missing after the tremor hit northwestern parts of the country last week.The 6.2-magnitude quake struck a remote mountainous area between Gansu and Qinghai provinces on Dec. 18, reducing homes to rubble and triggering heavy mudslides that inundated […]
KFin Technologies likely announced the share allotment status of its IPO on Monday, 26 December. The refund will be initiated today, and the shares will be credited to the Demat account on 28 December. The IPO received good demand from investors, with the issue being subscribed 2.59 times. The qualified institutional buyer portion was subscribed […]
By Dilip Parmar The Indian rupee is expected to appreciate following overnight weakness in the dollar index after US inflation cooled in December. The implied opening from the forward suggests USDINR could trade at 81.25. On Thursday, spot USDINR fell 2 paise to 81.55, registering the fourth decline in a row following stronger Asian peers […]
网站备案号: 粤ICP备16118000号-1