Given the stellar performance over the past year and what lies ahead, analysts are now turning cautious on the graphite electrode space. They see limited gain for the stock from here on
The stock plunged 10% to Rs 90.65, trading close to its 52-week low of Rs 87.50 touched on February 6, 2018 on the BSE in intra-day trade.
Data from MF tracker Value Research reveals the share of direct assets, up from 15 per cent to 40 per cent between FY13 and FY 17, had dropped to above 38 per cent
Lower utilisation at Vijaynagar leads to uncertainty on earnings
Margins can be retained at industry-high levels of over 30%
NIfty, Bank Nifty, Infosys, Titan, HPCL
Banking, refineries, information technology, telecommunications, pharmaceuticals and mining have seen a substantial fall in the average monthly delivery volumes from their March 2017 level
Opening of Utkal D block to cut aluminium making cost by $500 per tonne
One possible reason may be the Nifty/Sensex are not constructed in a way that gives a truly representative picture of market movements
Parent entity Hindalco seen to continue benefiting as analysts see further improvement in Novelis' margins
Star, Sony and Doordarshan are tweaking programmes and focusing on localisation to widen the audience and revenue base
Nifty outlook and top trading ideas by Sacchitanand Uttekar, deputy vice president - technical (equity) at Tradebulls
Nifty outlook and few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher
HPCL, BPCL and IOC were down between 3% and 5% on the BSE in early morning trade, but recouped losses partially as trade progressed
The Nifty IT index ended higher led by a rise in the shares of Tata Consultancy Services, Tata Elxsi and HCL Technologies.
The stock rallied 15% to Rs 74.20, extending its Tuesday's 3% gain on the BSE.
The stock hit 52-week low of Rs 251, down 7%, after the company reported 87% y-o-y drop in consolidated net profit at Rs 405 million in March quarter.
The stock surged 14% to Rs 475, up 14% on the BSE, after Blue Lotus Capital Multibagger Fund bought 85,000 equity shares of auto ancillary company through open market.
Zenith Exports, SORIL Holdings and Ventures and Sadhana Nitrochem have seen their market price rallied by up to 400% in past one month.
Yesterday, the rupee gained five paise to 67.08 against the US currency on suspected RBI intervention and stray dollar demand