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ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 40767.68 Crore) operating in Cement sector.

“I do believe that we will hit the billion-dollar run rate between quarter two and quarter three of this year, we had guided that last September and maintained that. Lastly, we had said $1.5 billion by one of the quarters in FY25, and we are retaining that as well.”

Edible oil firm Adani Wilmar, which sells its products under Fortune brand, on Monday announced reduction in cooking oil prices by up to Rs 30 per litre amid fall in global prices. Fortune rice bran oil price has been revised downwards to Rs 210 per litre from Rs 225 per litre, while the MRP of groundnut oil has been cut to Rs 210 per litre from Rs 220 per litre.

"We expect a deterioration in rural and urban demand, weakness in BPC and nutrition portfolio and downtrading across the board. We see market share gains for HUL but continued inflationary pressures partly offset by pricing. We forecast 20 per cent YoY growth in Home care, 11 per cent YoY growth in BPC and 12 per cent YoY revenue growth in F&R portfolio," Kotak said.

The poll suggested that HDFC Life may report healthy growth in new business premiums. Strong trends are likely in annuity/ PAR products. Margins are likely to expand YoY but moderate sequentially.Brokerage Motilal Oswal expects expense ratio to see an uptick, in line with a pick-up in business growth.

The emerging Asia bonds were hit by a surge in U.S. yields and a jump in the U.S. dollar, making the riskier assets less attractive.As major central banks are looking to hike their interest rates in their efforts to combat soaring inflation levels, further outflows can be expected from the regional markets, analysts said.

“When some of the investment cycles turn, they do not turn for two months, three months or six months. They turn for a few years and going by the fact that the last five to eight years has been subdued for a lot of the capital goods industries, we are now going to get into a situation where the next couple of years are going to look much better.”

Fresh positions built up by participants led to the rise in gold prices, analysts said.Globally, gold was trading 0.82 per cent higher at USD 1,717.50 per ounce in New York.

The local unit recovered some lost ground and closed at 79.97 (provisional), registering a fall of 15 paise over its previous close. The rupee on Friday rebounded from the near-80 levels to close higher by 17 paise at 79.82 against the US currency.

"The auto sector rally should continue but one has to be more stock specific. I would focus on names that are present more in the passenger vehicle and the commercial vehicle space because these two areas should see the highest uptick in volumes and demand as well. We are seeing that in the auto numbers as well that come out on monthly basis."