India Meteorological Department (IMD) recently issued the first heat wave alert of 2023. Normally, March is when temperatures rise but in February itself the trends are showing. Dealers are highlighting that lower commodity prices have not been passed on in pricing. This points to improved volume and margin outlook for Voltas (28% 1-yr underperformance to […]
Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets calmed somewhat after Credit Suisse was thrown a financial lifeline by Swiss regulators. But battered by fears of a deepening crisis for banks worldwide, market sentiment remained fragile with both benchmarks giving up some early Thursday […]
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