India is likely to go ahead with an oil tax cut to soften retail prices, said Bank of America Securities. Synopsis International crude oil prices have surged to their highest levels in 13 months recently, led by a strong demand outlook due to recovery in global economies as well as supply disruptions in the Middle … Read more
According to Chandan Taparia, technical analyst at Motilal Oswal Financial Services, the major trend of the stock is positive as it has been making higher top-higher bottom along with buying interest in the entire metal space. Synopsis Shares have rallied 72% in the last one month and 166% in the last three months to close … Read more
Mumbai: Suppliers of building materials such as plumbing pipe, tile, sanitaryware and MDF (medium-density fibreboard) in the organised segments are likely to outperform the market in 2021, according to analysts.Stocks like Prince Pipe, Greenply Industries, Somany Ceramics, Astral Poly Technik, Supreme Industries, Pidilite and Kajaria Ceramics can be good picks for the New Year, they … Read more
“Companies have already kept the raw material ready for such cold rooms. Seeing the opportunity, they can double production.” Synopsis Blue Star, Voltas, Snowman, Blue Dart, Allcargo, and SpiceJet are among the companies that will be as crucial to public health in the immediate future as will be the vaccine makers and care centres. Mumbai: … Read more
This has improved the pace of execution of projects and ensured demand for cement firms. Synopsis Cement firms, in their interaction with analysts, pointed out that except Maharashtra, demand across the country has improved materially. In the beginning of October, the average cement price in the country increased 7% to Rs 350 per 50 kg … Read more
After an 11% upmove, profit booking was expected. Now 11,600 is the immediate support, holding above which expect 12,000 to be crossed and head towards 12,250 and then possibly to all-time high of 12,428. Synopsis The BSE IT index has gained 99.6% from its March low while the Sensex has gained over 55% from its … Read more
New Delhi: The surge in coronavirus infections in India can be attributed to increased testing on one hand and opening of the economy on the other accompanied by complacency among people towards following COVID-appropriate behaviour, experts have said, as the country witnessed over five lakh cases in a week. A record single-day spike of 78,761 … Read more
Mumbai: Broadcaster Zee Entertainment Enterprises may post a sharp drop in net profit in the quarter ended June as Covid-19 pandemic-induced lockdown significantly hurt advertising demand. The television channels were also forced to air rehashed old content as production came to a grinding halt. The company is slated to announce its June quarter earnings on … Read more