“Qatar has recently come up with anti-dumping duties on the Morbi Ceramic products, that is one negative thing. Container freight rates are still much-much higher as compared to the last year. Thirdly, credit period crunch is also one more issue based upon our sources it is indicating. And lastly, on the domestic demand is not … Read more
“So, pretty steep price hike that is required to sort of restore the margins to what they were, let us say, from an FY24 benchmark perspective,” says Probal Sen, ICICI Securities.Firstly, this is the second cut that we have seen when it comes to the APM gas allocation. So, cumulatively, how much has been the … Read more
Dipan Mehta, Director, Elixir Equities, says the question that everybody on the Street will ask the IT company is how big is this AI opportunity. Is it for real? Is it going to translate into double-digit growth rates for the next four to five years for IT companies? If we get a positive response over … Read more
Brokerage firm Citigroup maintained a buy on IGL, CLSA maintained a buy rating on Titan Company, Axis Capital initiated coverage on Rallis India to reduce and Jefferies maintained a buy rating on IndusInd Bank. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on IGL: Buy| Target … Read more
India VIX was down by 3.39% from 11.07 to 10.69 levels on Tuesday. Volatility slightly cooled down but hovered in the previous day’s range and lacked momentum in the market. On the weekly options front, the maximum Call OI is placed at 20000 and then towards 19800 strikes while the maximum Put OI is placed … Read more
Global brokerage firm HSBC maintained a buy rating on VRL Logistics, Macquarie retained an underperform rating on Nykaa, Antique initiated a buy recommendation on Titagarh Wagons and Citigroup has a buy rating on MGL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: HSBC on VRL Logistics: Buy| … Read more
“Once we commission these steel lines, we will see a lot of growth in new areas like Kanpur, Muzaffarnagar, then in Rajasthan, Ajmer and Haryana. So we plan that we will have one million cubic meter growth from these areas in next financial year, that is, by March 24 end, that is the estimates that … Read more
The pressure on operating margin of IGL is likely to remain elevated unless the government puts a cap on domestic prices in the wake of surging global prices due to geopolitical tensions. Synopsis In the September quarter, the average cost of gas for IGL rose to Rs 35.1 per scm, up Rs 5.1 per scm … Read more
New Delhi: Domestic equity markets settled higher during the truncated week, thanks to upbeat economic data which boosted the morale of traders. Benchmark indices – BSE Sensex and Nifty50 – added 2 per cent each, whereas midcap and smallcap gauges also added over a per cent each. Fear gauge India VIX dropped close to 7 … Read more
Technical and derivative analysts expect the Nifty to rise further in the coming week, up to 16,000 levels. The Nifty gained 2.7% last week to 15,699.25, outperforming most of the Asian peers. SUDEEP SHAH HEAD, TECHNICAL & DERIVATIVES RESEARCH, SECURITIES What should investors/traders do? Investors should look to buy the dips until 15,450 levels are … Read more