Big Movers on D-St: What should investors do with JSPL, Jain Irrigation and ITI?

Indian market snapped its 2-day winning streak on Wednesday following muted global cues. The S&P BSE Sensex plunged more than 700 points while the Nifty50 managed to close above 15,400 levels. Sectorally, selling pressure was seen in metals, energy, realty, power, and utilities. The S&P BSE Midcap index fell 1.5 per cent, and the S&P … Read more

Export duty on steel puts pressure on capex returns; Tata Steel, SAIL may see lower realizations

NEW DELHI – In its latest step to tackle hardening inflation, the government on Saturday imposed export duty on steel while increasing the export duty on iron ore and slashing the import duty on crucial raw materials for the sector to zero. The decision is aimed at bringing down domestic steel prices and shielding the … Read more

JSPL may demerge power business into separately listed entity: Reports

With an objective to unlock potential value, Jindal Steel and Power (JSPL) may announce the demerger of power business into a separately listed company next week, ET NOW reported. “Management believes de-merging steel and power businesses will unlock value,” sources told ET NOW. Market analysts believe power business valuation may see an upside. “Analysts estimates … Read more