Shares of MRF crossed a first time Rs 100,000 mark, hitting a record high of Rs 100,300, up 1.4 per cent on the BSE in intra-day trade. on June 13, 2023. The stock surpassed its previous high of Rs 99,879.65, touched May 8, 2023. Thus far in the current calendar year 2023 (CY23), MRF has outperformed the market by gaining 14 per cent on improved financial performance.
Cement companies witnessed speculative support from investors through FY23 amid hopes of a rebound. After capex announcements in the FY24 Budget, there was further interest due to expectations that government expenditure would boost earnings, besides a generic macro-recovery. Cement earnings were under pressure in FY22 and FY23 due to high raw material and fuel costs; muted demand prevented them passing on the higher cost.
Since LeT is involved and the outfit is run from Pakistan, so in a way Pakistan's involvement cannot be ruled out, the police chief told reporters.
'Only 50-60 continued to remain behind bars and the rest were released'
'I haven't experienced such a thing ever. It was beautiful.'
As many as 14,091 civilians and 5,356 security force personnel lost their lives to militancy in Jammu and Kashmir between the 1990s, when militancy first reared its head in the valley, and 2020.
"India cannot be run on the basis of one religion. And there is more threat from the enemy within. We know about the enemy which is outside," Abdullah said.
Amid cooling raw material prices, the crude-oil linked companies, which includes paint and tyre firms, have been on a roll over the past one year. Shares of related companies have gained up to 84 per cent, as against a 14 per cent rise in the S&P BSE Sensex. Analysts, however, believe stretched valuations in both these sectors could trigger a de-rating.
Two AK rifles and one INSAS rifle have been recovered from the spot.
Impressed with his composure and control over his swing, former India batsman Yuvraj Singh said J&K young fast bowler Rasikh Salam is going to emerge as a special player in the next two to three years.
Salam, who hails from Kulgaam district, was picked up by Mumbai Indians for his base price of Rs 20 lakh.
Army Chief General M M Naravane carried out an aerial reconnaissance of forward areas on Wednesday and was briefed about the prevailing security situation along the Line of Control (LOC) in the Jammu region, officials said.
'The Indian Army is there to give a second chance to any youth who accepts his mistakes and wants to surrender and come back to the mainstream. We, the uniformed forces, are here to save lives and not to take lives. The system, the entire administration, will facilitate not only their surrender but also ensure that they are well integrated back into the mainstream,' Lt Gen Y K Joshi said.
A likely turnaround in profitability margins in the March quarter (Q4FY23) will not be enough to lift the outlook for paint stocks due to volatile crude oil prices and rising competition in the sector, analysts say. Hence, they advise investors to avoid the sector over the short-to-medium term despite the heavy correction in the stocks since last year. Shares of Asian Paints, Berger Paints, Indigo Paints, Nerolac and Pidilite have shed 6-32 per cent over the last 6 months versus a 3 per cent rise in the benchmark Sensex.
"Modiji reminded that nation bows before Constitution and not him!"
The project was announced in September 2019 and Prime Minister Narendra Modi laid the foundation stone of the new Parliament building on December 10, 2020.
The two people arrested in Udaipur were alleged by the Congress to have links with the Saffron party.
Akash sustained a bullet injury while covering the communal clashes in Maujpur locality. NDTV said its journalist Arvind Gunasekar was hit by rioters while he was at one of the spots in northeast Delhi and lost a tooth. His fellow reporter, Saurabh, who tried to shield him, was punched.
Before repeal of Article 370 and Article 35-A in August last year, non-residents could not buy any immovable property in Jammu and Kashmir. However, the fresh changes have paved the way for non-residents to buy land in the union territory.
A bench of Justices Surya Kant and JK Maheshwari set aside the pre-arrest bail granted to Indian Revenue Service officer Santosh Karnani on an appeal by the Central Bureau of Investigation.
A five-judge constitution bench headed by Justice SK Kaul said it will consider whether the practice of excommunication in the Dawoodi Bohra community is a "protected" practice under the Constitution.
The Supreme Court on Tuesday asked the Centre to clarify its stand on whether it wants to go ahead with its curative petition seeking Rs 7,844 crore as additional funds from successor firms of the US-based Union Carbide Corporation (UCC) for giving compensation to victims of the 1984 Bhopal gas tragedy.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
The Congress on Wednesday said senior party leader Ghulam Nabi Azad was consulted several times before finalising the names in the revamped Jammu and Kashmir unit of the party, rejecting reports that the former Union minister was not on board.
In view of increased threat perception, the Jammu and Kashmir administration on Wednesday decided to immediately post Kashmiri migrants employed under prime minister's special package and other employees belonging to the Jammu division in "secured locations'' in the Valley by June 6, officials sources said.
Former Jammu and Kashmir chief minister Farooq Abdullah on Saturday withdrew his name as the potential joint opposition candidate for the upcoming presidential elections, saying he has a 'lot more active politics' ahead of him, and that he wanted to contribute in navigating the Union Territory through the current 'critical juncture'.
Additional director general of police Jammu region Mukesh Singh visited both the sites and said high explosives might have been used in carrying out the blasts which were of the same pattern.
Several incriminating documents and electronic devices were seized, the NIA said in a statement. Those whose premises were searched include Falah-e-Aam Trust, Charity Alliance in Delhi, Human Welfare foundation, J-K Yateem Foundation, Salvation Movement and JK Voice of Victims.
A group of Union ministers will visit Jammu and Kashmir later this month to spread awareness about the positive impact of abrogation of Article 370 provisions.
After a turnaround in performance by Indian equity markets since July that has seen the S&P BSE Sensex and the Nifty50 wipe out the year-to-date losses, analysts suggest investors start nibbling into stocks that are focused on the domestic economy. While they say intermittent corrections, led by policies of global central banks and other economic data, cannot be ruled out, analysts expect India's relative outperformance among global equity markets to continue as it looks better placed with a healthy economic recovery, and remains one of the fastest growing major economies. In this backdrop, Neeraj Chadawar, head of quantitative equity strategy at Axis Securities, believes that amid global slowdown, aggressive tightening by the central banks, and preference for domestic interests first (by the local government), export-oriented themes are likely to be muted or will deliver conservative returns in the near-term.
'It was my first day on the sets of Jab Tak Hai Jaan and we were shooting the very first scene that you see in the film.'
Global trends, WPI inflation data for April and the ongoing quarterly earnings of corporates would be the major driving factors for the stock markets, analysts said. Investors would also keep a tab on the movement of foreign institutional investors who are on a selling spree in the domestic equity market for the past many days. "Inflation concern and monetary tightening across the globe are key concerns for the equity markets. "Equity markets are under the strong grip of bears however they look extremely oversold and due for a pullback rally.
A day earlier, the properties of two people accused of rioting were demolished in Saharanpur where stone-pelting had taken place as well.
IAF conducts the air show, Srinagar and the government is part of the ongoing 'Azadi ka Amrit Mahotsav' celebrations
Former Army Chief V K Singh on Wednesday failed to appear before the Jammu and Kashmir Legislative Council for a second time in connection with the privilege motion against him even as the Assembly rejected his plea for quashing it.
Saxena, 64, will succeed Anil Baijal who resigned from the post last week citing "personal reasons".
'I am not afraid of BJP. I am not armed with lathi or stone, let them come to me and reply to my questions which they will not'
Aseem Chhabra and Sukanya Verma -post their predictions for the major categories.
High-speed mobile internet services had been restored in two districts -- Ganderbal in Kashmir region and Udhampur in Jammu region -- in August last year.
People's Alliance for Gupkar Declaration (PAGD) leaders, including three former chief ministers, were put under house arrest on Saturday before a protest against the proposals of Jammu and Kashmir Delimitation Commission, prompting angry reactions from political parties which said such steps will only 'incentivise and facilitate' violent agitations.
