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CLOSING BELL: The broader markets, meanwhile, bled more with the BSE SmallCap index sliding nearly 3 per cent, and the BSE MidCap index falling close to 2 per cent
Analysts believe that the government's curb on 10 metric ton sugar exports would not cause a major impact as their expectation was lower than the limit for this year.
Grasim has doubled the capital expenditure for its foray into the paints business to Rs 10,000 crore.
In Q4FY22, EBITDA margin contracted by 720 basis points (bps) year-on-year to 17.6 per cent.
Stocks to Watch: At 7:30 am, the SGX Nifty futures were quoting around 100 pts up at 16,100 levels. That said, the markets may exhibit volatility today on account of the monthly F&O expiry.
Analyst believe the company should benefit from debottlenecking of the phosphoric acid plant as well as from an increased share of newly-launched, high margin, crop-protection products in FY23.
Live news updates: blasts in Afghanistan to Russia-Ukraine war and coronavirus, catch all the live updates here
CLOSING BELL: The S&P BSE Sensex traded in a broad range of 921 points on Thursday as it hit a high and low of 54,346 and 53,425, respectively
Live news updates: From Russia-Ukraine war to coronavirus, catch all the live updates from across the globe here
ITC said the dividend will be paid between July 22, 2022 and July 26, 2022 to entitled members.
The Supreme Court set aside a Delhi High Court order staying the Serious Fraud Investigation Office (SFIO) probe into nine companies related to the Sahara group
In its update to Global Macro Outlook 2022-23, Moody's said high-frequency data suggests that the growth momentum from December quarter 2021 carried through into the first four months this year
Select sugar stocks like Balrampur Chini, Dwarikesh Sugar and Renuka had jumped up to 6-fold post the Covid-19 decline; However, off late the stocks have corrected sharply post export limitations.
In the past one month, Nifty Next 50 index was down 14%, as compared to 7% decline in the Nifty 50 index.
Going forward, analysts are cautiously optimistic on the prospects of the airline as it manages demand revival amid increased competition
The company said the macro environment continues to be challenging due to volatility in costs and disruptions across supply chains.
Tata Motors: CLSA expects a sharp uptick in volume in FY24 driven by a strong order backlog
In Q4 EBITDA margin improved 182 basis points (bps) YoY and 21 bps sequentially at 24.2 per cent.
Timing the markets to catch a low, analysts caution, will not be a wise strategy at the current levels given the slew of domestic and global developments over the next few weeks
In Q4, the company posted net loss of Rs 118 crore against profit of Rs 324 crore in the year ago quarter
Malik, the chief of banned JKLF, was on May 19 convicted by a Delhi court under the stringent anti-terror law in a case related to funding of terror activities in Jammu and Kashmir
The company's consolidated revenue from operations rose 29% to Rs 8,021 crore in Q4FY22
The company has prescribed a buyback ratio of 2 shares for 25 equity shares for reserved category whereas 2 shares for 179 equity shares for general category.
The government on Tuesday exempted customs duty and the agri cess on importing 2 million tonnes of soybean and sunflower oil per year
Over past decade, strong retail flows have coincided with declining / low deposit rates, said analysts at Jefferies, who expect the deposit rates to go above the 7 per cent level with a lag
Brokerage ICICI Securities believes this would not have any impact on sugar companies' fundamentals.
The management believes that the auto industry is at the cusp of revival, with favorable governmental policies and more new product launches planned by OEMs for the coming year.
The MCX Natural Gas futures may test Rs 704 as indicated on the daily charts; the bias for the remainder of the week is likely to remain bullish as long as Natural Gas sustains above Rs 673.
Stocks to Watch Today: Sugar and FMCG stocks likely to be in focus as govt limits sugar exports and exempts customs duty on agri cess. Apollo Hospitals, Bata, Coal India and Nalco to report results.
Analysts remain mixed over the Gurgaon-based logistics firm Delhivery due to volatile market conditions and loss-making nature of the company.
The court allowed both parties to file objections to the Commission report within seven days
SAIL's consolidated revenue from operations rose 32% to Rs 30,759 cr
This is for a period of 2 years at nil rate of customs duty and Agricultural Infrastructure and Development Cess
CLOSING BELL: On the NSE, the Nifty50 shut shop at 16,138, down 77 points or 0.47 per cent
India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices, potentially capping this season's exports at 10 million tonnes
Despite the management's optimism on demand outlook, there are challenges considering the signs of rural slowdown as evident from recent corporate results in many sectors
Analysts expect the company to show high growth momentum, strong balance sheet, free cash-flows and strong return ratios over FY22-24.
Given the current market volatility, auto stocks seem to be a better bet for long side trades. Select stocks like M&M and TVS Motor can rally up to another 12 per cent.
The company's consolidated profit after tax (PAT) declined 25 per cent year on year (YoY) at Rs 49.3 crore, on the back of flat revenues at Rs 455.5 crore over the previous year quarter.
The stock of logistics services provider got listed at Rs 493, 1.2 per cent higher against its issue price of Rs 487 per share on the BSE
Post listings,the stock was locked in the 5 per cent upper circuit band at Rs 351.75 on the BSE
The company has earmarked an aggressive capex of around Rs 2,000 crore over next two years in order to take a chunk of around $20 billion opportunity of APIs going off-patent over FY23-25.
Stocks to Watch: Grasim Industries, Adani Ports, JM Financials, Bank of India, Ipca Lab, Inox Wind, Jyothi Lab, and Metropolis Healthcare will be in focus ahead of their Q4 results today.
According to the technical analyst, MCX India has a classic setup, precise Bullish BAT pattern on the daily chart with N-wave completed near the potential reversal zone.
Analysts believe that Aether's multiple chemistry competencies to use for a wide array of products makes it a distinguished market player compared to other chemical companies
Broadcom shares decline on potential VMware buyout; JPMorgan rises on upbeat profit forecast
Consolidated revenue from operations rose 75% to Rs 1,212 cr
Shaktikanta Das further said in a TV interview that the RBI and govt have entered into another phase of coordinated action to cool down inflation
CLOSING BELL: The sharp knock in metal stocks came after he government levied export duty on 11 iron and steel intermediates and key steel products.
The company aims to build a portfolio of 300 hotels, clock 33 per cent EBITDA margin with 35 per cent EBITDA share contribution from new businesses and management fees by FY 2025-26.
