High temperatures help improve paddy quality
However, the heatwave has posed challenges for the production of rice-bran oil, with manufacturers facing a shortage of labor. Rice-bran oil is extracted from the hard outer brown layer of rice, known as bran, within 24 hours of paddy harvesting. The reduced acreage under rabi paddy this year, as reported by the Ministry of Agriculture […]
F&O stocks to buy today: RIL, SBI among top 6 trading ideas
On the weekly options front, the maximum Call OI is placed at 23000 and then towards 22850 strikes while the maximum Put OI is placed at 22500 and then towards 22400 strikes.
Nestle’s Suresh Narayanan on Nespresso & nutraceuticals, sugar in baby food controversy and more
Suresh Narayanan of Nestle India points out that the operating margins are up by 270 basis points, net profits by 250 basis points and cash generation by over 41 billion, that is about 17% of sales. The core fundamentals of the organisation demonstrates resilient growth in core categories. He also talks about the company’s commitment […]
Stocks in Asia rise, yen wobbles after volatile start to week
China stocks were mixed in early trading with the blue-chip index easing 0.07%, while Hong Kong’s Hang Seng index was up 0.5%.
Bullish on theme manufacturing? Go for staggered investment plan
The NFO of HDFC Manufacturing Fund, managed by Rakesh Sethia, is currently open and closes on May 10. Investors can start with ₹100 in this fund, and the scheme will be benchmarked to the Nifty India Manufacturing TRI Index. An exit load of 1% will be levied for redemption made within a month of investment.
UltraTech, AM Mining, others eye Vadraj Cement
AM Mining India, a joint venture between ArcelorMittal and Nippon Steel, Oaktree Capital-backed India Opportunities XII Investments, and Nirma group-backed Nuvoco Vistas Corporation submitted expressions of interest (EoIs). Naveen Jindal group company called Jindal Panther Cement, and PN Group-promoted CN Infrabuild also gave separate EoIs.
Maruti’s lucrative CNG play getting bigger to help sustain run on D-St
The company is well placed to benefit from any reduction in duty on hybrid vehicles and valuation multiple re-rating from possible listing for Hyundai Motor India.
BSE shares hit by Sebi’s regulatory fee move
BSE said on Friday that Sebi has directed the exchange to pay a regulatory fee based on annual turnover, taking into account the ‘notional value’ of the options contracts. BSE has been paying this fee considering the value of the options premium. The fee based on premium value is lower than that taking into account […]
Earnings surge makes PE fair, Nifty lovely
The Nifty’s PE ratio, based on trailing earnings, has dropped to 22 times from 33 times on March 30, 2021. Analysts said the PE ratio suggests the Nifty is trading at fair valuations, which means the index is neither cheap nor expensive.
Foreign banks seek leeway on LEF rules for Nostro accounts
At a time when overseas capital flows have been firm, foreign lenders have requested the banking regulator for flexibility in compliance with the central bank’s Large Exposures Framework (LEF), particularly in handling certain types of accounts that facilitate global transactions.