With balance sheets of corporates being strong, combined with utilisation levels inching towards optimum levels, the capex cycle revival is expected to lead to a strong boost in orders for industrial and capital goods companies. This combined with China plus one strategy and Europe plus one story emerging, the narrative of India transitioning towards upping its manufacturing presence on a global level only strengthens, said Nitasha Shankar, PRS – Head Research, Yes Securities.
OMC stocks rally up to 4% as govt hikes excise duty, raises LPG prices. What should investors do?
Hindustan Petroleum Corporation Ltd (HPCL) shares surged the most, rising 4% to a day’s high of Rs 367.50 on the BSE, followed by Bharat Petroleum
April 8, 2025