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Higher number of days in the last quarter, lower spectrum usage charges, tariff hikes, and lower fuel costs are seen lifting sector majors Bharti Airtel and Reliance Jio Infocomm’s earnings in Q2, according to analysts

The gems, jewellery and watches company has announced 1:2 bonus share issuance and the record date has been fixed on October 15

The gems, jewellery and watches company has announced 1:2 bonus share issuance and the record date has been fixed on October 15

Tokyo, Oct 14, 2022 -Tokyo stocks ended sharply higher on Friday, following robust gains on Wall Street where shares made a rapid U-turn from selling prompted by forecast-beating inflation data.

“Lux Industries benefits from China plus one opportunity as they move to 46 countries, which is about 6% of their sales and that also should continue and increase the global footprint for the company. The company is also seeing good growth and good traction online and expects about Rs 1,000 crore of sales from online channels alone in the next two to three years.”

As of 30-Jun-2022, promoters held 51.52 per cent stake in the company, while FIIs held 19.91 per cent and domestic institutional investors had 7.03 per cent.

Kacholia held 4,51,140 equity shares or 1.97 per cent stake in Shankara Building Products as of September 30

Dealers anticipated October to be the best festive in a decade for the passenger vehicle (PV) segment as it is expected to have even higher sales during the month. October would see auto retail on high grounds with 24 days of festivities out of the total 31 days, FADA said in its Vehicle Retail Data report for September 2022.

Kacholia held 4,51,140 equity shares or 1.97 per cent stake in Shankara Building Products as of September 30

A total of 17,235 shares changed hands on the counter till 01:09PM (IST).