Mumbai: Stocks of oil marketing companies dropped on Monday as reports that the government may consider cutting retail fuel prices prompted traders to cut some of their bullish bets. Analysts said these stocks were overbought after the recent run-up but a reversal might be an opportunity to load up on some of them. Among oil … Read more
MUMBAI: Analysts have begun downgrading earnings estimates for India Inc amid local lockdowns and curfews due to the second wave of Covid that’s led to a demand slowdown. More than 80 companies in the NSE 500 universe have seen a downgrade in earnings per share (EPS) estimates in the last four weeks. Nifty consensus earnings … Read more
By Debjit Chakraborty and Rajesh Kumar Singh As Covid-19 infections across India rise beyond the two-million mark, the country’s energy companies are coming up with novel solutions to keep the virus at bay and their operations running. From drones used to monitor social distancing at refineries to giant mist cannons that spray disinfectants near workers’ … Read more