Latest Stock Market News

According to the famous investor Peter Lynch, cyclicals are the companies whose revenues and profits are in tandem with the state of the economy with their performance being tied to the business cycle. Interestingly, cyclical stocks make up nearly three-quarters of our markets. The term cyclical isn’t used to cover just commodity products like steel, copper, zinc and chemicals, but extends far beyond it to include commercial vehicles, and capital goods.

“Last year, barring the lockdown periods, collection efficiency was excellent. Even at the current level, our efficiency is more than 99% and especially after the June quarter of last year, there is a very good turnaround. That is why GNPA has come down from 5.93 to 4.64% levels. The worst is behind us.”

We expect a recovery in prices from lower levels, where Rs 48,800 would be a crucial level to watch out for. As long as the prices are holding above it, we foresee renewed demand for the precious metal," Sachdeva said.Prithviraj Kothari, Managing Director, RiddhiSiddhi Bullions said Rs 50,000 is an important psychological mark for gold

Instead of spot-market intervention alone, the central bank’s intervention strategy in the currency markets is also set to include forwards contracts.

The stock with a market capitalisation of nearly Rs 40,000 crore hit a fresh 52-week high of Rs 786.65 on August 4, 2021, and since then the trend went sideways.

Star’s consolidated sales volume surged27% YoY on continued ramp-up of Siliguri plant and healthy demand in the northeast (NE) region.

​The company continued to demonstrate its superior execution capabilities by achieving the highest number of sub adds in the industry for the third quarter in a row, along with the highest flow-through of tariff hike to ARPU. The focus on non-wireless businesses has been reflected in strong revenue growth.

​WLDL reported ~27% growth in revenues, led by 23% SSG and new store additions (up 7% to 326 stores). Compared toQ4FY20, revenue growth was ~35%, led by a complete recovery in the dine-in channel and doubling of convenience sales (48% mix now vs. 32% in Q4FY20).

The company and its shareholders plan to raise Rs 472 crore from the primary market. The issue consists of issuance of fresh equity shares of Rs 375 crore and offer for sale (OFS) of up to 11.08 lakh equity shares by existing shareholders and promoter aggregating to Rs 97.3 crore.

“Normally people link slippages with the subsequent provisions but in our case we have got a situation where we start providing even before the slippages are reckoned which means that earlier sign of stress is also being very carefully monitored and appropriate actions are taken to insulate the balance sheet from any future shock.”