DPIIT working on quality control orders for several products: Official
Joint Secretary in the DPIIT Sanjiv said that the “aim is to promote production of high quality products”. The department is continuously engaged with BIS (Bureau of Indian Standards) and concerned stakeholders for identification of products for which quality control orders (QCOs) could be issued. “QCOs are good for us and we are not bringing […]
Delhivery Q3 preview: Express delivery vertical may drive sales growth
Analysts will watch out the trend on freight costs and employee expenses as these make for a chunk of the total expenditure for the company. In the second quarter, freight handling and services cost rose 24% on year to Rs 1,436 crore. Staff expenses on the other hand, declined nearly 21% on year to Rs […]
Telecom, auto among 4 sectors that may lead next leg of rally on D-St: Gurmeet Singh Chawla
“As per the Budget, capital investment outlay is being increased steeply for the third year in a row by 33% to Rs 10 lakh crore ($122 bn), which would be 3.3% of GDP. This will be almost three times the outlay in 2019-20. GDP growth, consumer market growth, and the export opportunity presented will continue […]
Rs 45,000 crore-bet! YES Bank among top 9 FII stock picks in Q3. What should investors do?
“We believe the outperformance of the value stocks is likely to continue in H1CY23 and would be led by a pickup in the credit growth as well as a recovery in the domestic-cyclical stocks, which would be in line with the pickup in the domestic economy,” said Axis analyst Neeraj Chadawar.
Stocks to buy today: 10 short-term trading ideas by experts
On the Options front, the weekly maximum Call OI is placed at 18000 and then towards 18200 strikes while the maximum Put OI is placed at 17800 and then towards 17600 strikes.
Big Movers on D-St: What should investors do with Cummins India, KPIT Tech and M&M Financial?
Stocks that were in focus include names like Cummins India which was up nearly 7%, KPIT Technologies rose nearly 2% to hit a fresh 52-week high, and M&M Financial Services hit a fresh 52-week high on Thursday.
Acquisitions, margin focus put RHI Magnesita India in sweet spot
These developments are positive for the company’s India listed stock, which has gained nearly 30% in the past three months. However, it trades at a significant discount to other multi-national companies of similar size such as ESAB India, Grindwell Norton and Linde India which cater to the manufacturing sector.