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For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 384.80 crore, down 6.27 per cent from last quarter total income of Rs 410.54 crore and up 12.72 per cent from last year same quarter total income of Rs 341.38 crore.

The company has received approval for its Rs 4000-crore IPO from Sebi. During the year, most retailers recovered from Covid restrictions and breached pre-pandemic sales helped by increased mobility, offices reopening and social events.

Earlier this year, Kineco was awarded with the largest order of 68 train fronts of the Vande Bharat Trains. These orders, together with its already strong order book will catapult Kineco to become one of India’s largest train interior suppliers.

Despite the sharp rise in US bond yields, no such move was observed in domestic G-sec. At the same time, the dollar index also moved towards its recent high, and INR remained below 80 levels. It acted as a sentimental boost for the banking stocks.

“The up moves provide an excellent opportunity for retail investors to book out Ambuja-ACC. I do not think these valuations are sustainable and neither are the valuations of other cement companies, We utilised the rally to exit our position in India Cement. Sp, this is providing a good exit to retail investors. They should not just chase the price.”

Godrej Consumer Products Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 91086.41 Crore) operating in FMCG sector.

Independent market expert Sandip Sabharwal said the policy is more to do with public infrastructure, how the speed of movement improves and how the bureaucracy is reduced. “It will take a long time. So, I think it is more of a directional thing. It takes a 5 to 10-year kind of view and to that extent, short-term moves (in the stocks) might not sustain beyond a few days,” he said.

Physical gold demand picked up in India as domestic prices fell ahead of key festivals, while premiums in China climbed further as its currency weakened. In the spot market, the highest purity gold was sold at Rs 49,341 per 10 grams while silver was priced at Rs 55,144 per kg on Friday, according to the Indian Bullion and Jewellers Association.

The rupee opened slightly stronger as Asian equities are flat or higher, dollar index is at 109.80, US Treasury yields at 3.45 per cent and Asian currencies slightly more robust than Friday closing, said Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors.

Zydus Wellness Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 10416.58 Crore) operating in FMCG sector.