Brokerage firms such as UBS have a neutral rating on BEL and a buy rating on MCX, while Jefferies has an underperform rating on HPCL and a buy rating on Colgate. Nomura has a reduce rating on ACC. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS … Read more
Adani Group’s cement unit ACC on Monday reported that its June quarter consolidated profit fell 22.5% year-on-year (YoY) to Rs 361.40 crore while the revenue fell 1% YoY to Rs 5,155 crore. Kiln fuel cost improved from Rs 2.14 per ‘000 kCal to Rs. 1.73 per ‘000 kCal with change of fuel basket and higher … Read more
The first quarter earnings season is underway and as many as 95 companies will announce their quarterly numbers on Monday. Key results to watch out include that of Adani Total Gas, HPCL, Adani Wilmar and ACC. Apart from the above, companies like Apollo Pipes, ASK Automotive, Bharat Electronics, Colgate Palmolive, CSB Bank, Elnet Technologies, Fredun … Read more
Equity markets closed last week on a strong note, reversing the losses due to Budget negativity. In today’s trade, shares of ICICI Bank, Adani Wilmar, ACC, Dr Reddy’s, IndiGo, IndusInd Bank among others will be in focus due to news developments and first quarter results. Adani Total Gas, HPCL, Adani Wilmar, ACCShares of Adani Total … Read more
ET Intelligence Group: Nifty 50 companies are expected to report double-digit growth in aggregate revenue and profit for the June quarter, driven by select companies from the automobile, banking and finance, and pharmaceutical sectors. According to ETIG estimates, the sample’s net profit is expected to grow 26.4% in the quarter. Cautiously Optimistic Outlook This growth … Read more
The immediate support for Nifty is around 22,300, followed by 22,100-22,000; and any dips should be seen as a buying opportunity as the index could attempt to rally towards new record highs soon, according to technical analysts. Stocks such as M&M, TVS Motors, Coal India, Grasim, ACC, Gail, Concor, National Aluminium, MTAR Tech, APL Apollo, … Read more
Indian market is expected to consolidate on Thursday tracking mixed global cues. The Nifty future closed negative with losses of 0.13% at 22280 levels on Wednesday. India VIX was up by 0.35% from 20.20 to 20.27 levels. On the weekly options front, the maximum Call OI is placed at 22500 and then towards 22300 strikes … Read more
Adani Group stocks surged up to 8% in Thursday’s early trade after a Wednesday rout. The top gainer in the pack was Adani Green Energy which hit the day’s high of Rs 1,875 on the NSE. It was followed by Adani Wilmar and Adani Energy Solutions which were up 7%, each. The gains in Adani … Read more
Indian market is expected to trade higher on Monday tracking positive global cues. The Nifty future closed positive with gains of 0.16% at 21848 levels on Friday. Positive setup was seen in socks like Grasim, IDEA, ACC, Bank Baroda, SBI, OFSS, Apollo Hospital, Ambuja Cements, Bharat Forge, Sun Pharma, Hero MotoCorp etc. among others. On … Read more
Technical charts and FIIs’ net short position of 65% indicate that markets could undergo either a timewise corrective phase or a price-wise correction. Technical analysts suggest 21,680 would serve as a support for Nifty on a closing basis, and a close below this level could lead to a correction towards 21,450-21,400. ACC, Apollo Hospitals, Bharat … Read more
