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Crompton Greaves shares drop 0.9% as Sensex falls

Updated at : 2023-07-07 14:20:01

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The stock quoted a 52-week high of Rs 428.8 and a 52-week low of Rs 251.25.

I would say in my 22 to 23 years of experience I have never seen that all line of businesses firing all cylinders. So, if you see post COVID, the inclination toward buying health insurance was very high.

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Kalyan Jewellers has reported a nearly 31% YoY increase in consolidated revenue growth in the recently concluded quarter, with India operations seeing revenue growth of 34% over the same period last year. The company expects to launch 20 new showrooms across non-south markets before Diwali this year and is set to open its first FOCO showroom in the Middle East

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Even, discounting the fact that it has one segment exposure unlike other bearings companies, still the stock remains undervalued and the brokerage expects a rerating to set in.

Various biofuels covered under this MoU include Sustainable Aviation Fuel (SAF), Ethanol, Compressed Bio-Gas (CBG), Biodiesel and Bio-bitumen among others, the company said in an exchange filing.

Buy Sobha, target price Rs 891: ICICI Securities

Updated at : 2023-07-07 13:20:01

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Sobha, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 5444.15 Crore) operating in Real Estate sector.

We are looking to move to international markets. We are looking to make sure that we can create a presence in the North American market as we are invested in that market today

We are not highly concerned about the increase in credit growth yet as the print is near the long term average of 15-16% and concerns about a slowdown in the real economy has not yet translated into slowdown in loans.

The Nikkei has fallen 2.41% this week, after closing at a 33-year high on Monday. Since mid-March, it has rallied nearly 27%. After the rally of the past three months, I think many investors are selling to take profits," said Kenji Abe, a strategist at Daiwa Securities.

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A total of 174,730 shares changed hands on the counter till 12:22PM (IST)

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