Inherent to the tyre industry, raw material costs forms the largest cost head, accounting up to 65 per cent of the total cost, said analysts
L&T would be a key beneficiary of the government's infrastructure thrust and capex revival in private sectors.
The Smallcap index seems poised to hit the 10,000-mark.
Global brokerage Jefferies has initiated coverage on Axis Bank stock with a target price of Rs 1,150
In the past one month, the stock has zoomed 40 per cent as compared to a 5.4 per cent rise in the S&P BSE Sensex
The proceeds from the sale of FMCG business would be utilized for repayment of debt and infusing of funds in the Lifestyle business, Raymond said.
The IT services major intends to buy back about 4.91 per cent of its shares at Rs 445 per share through tender route
Stocks to watch today: From Godrej Consumer to Axis Bank, here are top stocks to watch in Friday's trade
The management said that retails in export market were steadily improving, and inventory levels were low as customers are now accepting increased prices
For FY24 the company has guided CC revenue growth of 20 per cent plus with organic growth of 10 per cent plus.
Despite benchmark indices witnessing corrective phases in recent months, GAIL (India) and Power Grid Corporation of India, in particular, have been entering uncharted territories effortlessly.
Thus far in calendar year 2023, ITC surpassed Infosys, HDFC, SBI, Bharti Airtel, Adani Enterprises and Life Insurance Corporation of India (LIC) in market-cap ranking.
According to an ET report, Godrej Consumer Products was in advanced talks for a deal with Raymond for its consumer care business that includes the Park Avenue male grooming brand and Kamasutra condom.
For FY24 the company has guided CC revenue growth of 27-30 per cent & EBITDA margin of 19-20 per cent.
In the past six months, City Union Bank has underperformed the market by falling 26 per cent, as compared to 1 per cent rise in the S&P BSE Sensex
Stocks to watch today: From Hindustan Unilever to Wipro, here are top stocks to watch in Thursday's trading session
Last week, Siemens, as part of a consortium along with Rail Vikas Nigam Limited, received two separate orders from Gujarat Metro Rail Corporation
Thus far in the current calendar year 2023, the stock price of Saksoft has nearly doubled or zoomed 99 per cent, as compared to 2 per cent decline in the S&P BSE Sensex.
The acquisition will allow Ipca to re-enter US formulation generic market, however at 2.3x sales, as acquisition cost is expensive, given challenges and uncertainty associated with US market.
ICRA upgraded the long-term rating of the bank facilities of TTL on expectation of improvement in revenues, operating profits, and robust debt coverage metrics in FY2023-FY2024