₹1,210 crore as against ₹1,250 crore in the year-ago period. Meanwhile, its net sales are also likely to rise 1.5% to ₹6,870 crore vs ₹6,770 crore in the same period last year. As per the brokerage, the firm’s US sales are expected to grow 4% YoY to $384 million dueRead More →
Gail (India) Ltd’s shares have rallied substantially in the past six months, gaining as much as 50%. Investors appear to be thrilled about the volume prospects of the state-run company’s gas transmission business amid robust demand. There is also some optimism around the potential turnaround in the petrochemicals business, despiteRead More →
Oil marketing companies (OMCs) in India will find support with international crude oil prices sustaining below the $80 per barrel mark in the near-term. The three major OMCs – Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL) reported decent earnings growth inRead More →
Upstream oil explorers Oil and Natural Gas Corporation (ONGC) and Oil India have emerged as the top stock picks for domestic brokerage firm Motilal Oswal Financial Services. Along with the two state-owned oil producers, GAIL, Reliance Industries Limited (RIL) and Indian Oil Corporation (IOC) are also among the preferred oilRead More →
Coal India, Oil India, Oil and Natural Gas Corporation (ONGC) among other public sector undertaking (PSU) stocks are part of the top 10 dividend-paying companies, according to domestic brokerage firm Religare Broking. ‘’We have filtered the list of top dividend-paying companies based on their fundamental strength and selected 10 stocks.Read More →
Global funds are now beginning to pay more attention to Indian market, said Christopher Wood, global head of equity strategy at Jefferies, in his latest Greed & Fear report. This is because the market now has 30 companies with a market capitalisation of over $25 billion, it informed. As aRead More →
During the last 15 minutes of today’s session, Nifty touched its new record high of 20,008.15 level. Nifty’s last all-time high was 19,991.85, which it hit on July 20, this year. Thus, it scaled a new record in 36 sessions. Sensex closed 528.17 points, or 0.79 per cent, higher atRead More →
The strong pricing power of the Organization of Petroleum Exporting Countries and its allies (OPEC+) will continue to support Brent crude price at $75-80/bbl, which is the fiscal break-even crude price for Saudi Arabia. This is a sweet spot for most oil-marketing companies (OMCs) in India, with Oil India andRead More →
Also Read: Large cap speciality chemical stock fixes record date for 350% dividend, LIC held 1.40% stake in Q4 It is worth noting that more than 5 Nifty majors will release their quarterly earnings this week. They are Bharat Petroleum Corporation, Hindalco Industries, Grasim Industries, Sun Pharmaceutical Industries, Oil andRead More →
Buy or sell stocks: Last week we saw a positive week for the Indian equity market. Nifty tested the 7 week’s high of 17842 levels and Banknifty 11 week’s high 42196 levels. As expected we also noticed the fresh buying activity by the FPI’s last week. Nifty increased sharply byRead More →
