Recovery seen in Q4, companies continue to focus on enhancing cash flow
Brokerages expect revenue growth at a 7-quarter high but profitability may disappoint.
Dr Reddy's, Glenmark, Wockhardt have lined up alternatives for Zytiga
While the American Club Cool Fresh Taste saw the minimum hike of 10 per cent, from Rs 200 to Rs 220 for a pack of 20 cigarettes, the price of Navy Cut Filter rose by about 16 per cent, at Rs 80 for a pack of 10 sticks. Flake Filter has become costlier by 14 per cent at Rs 80, while prices of Flake Special Filter, Flake Blue Special Filter and Wave Cool Mint rose by 20 per cent.
Combined net profit estimated to grow 14.6% year-on-year, against a 5.7% decline in the Dec 2015 quarter
The surge in IT, auto and FMCG stocks were led by investors seeking safety against market volatility.
Currency played an important role in Q2, with US dollar, Japanese yen and euro appreciating vis-a-vis the Indian rupee, while the Brazilian real, South African rand and Russian ruble depreciating against rupee.
Mahindra is desperate for a best-seller in the compact SUV space, on which it missed the bus
On Friday, the stock was the worst hit among the 30 blue-chips on the Sensex
Despite a slowing economy, the Budget does not envisage any major stimulus through the budgeted fiscal deficit figures, said Goldman Sachs.
Tobacco will be subjected to the highest tax slab of 28 per cent and an additional cess. The current rates of taxation on cigarettes and chewing tobacco are about 64 per cent and 81 per cent, respectively.
In UK, France and Germany, the president and CEO of Edelweiss Securities, anticipates votes incrementally in favour of local protection and de-globalisation.
Nifty 50 firms' net profit estimated to grow by a modest 3.1% in Q2, reports Krishna Kant.
Revival in domestic business should also help overall revenue growth.
The thrust, they feel, remains on design thinking, AI and digital besides enhanced focus on investing in selling and marketing efforts, expanding local talent base and re-skilling staff
The haircut for major banks stands at 52 per cent, if the dues of Jaypee Infrastructure, Lanco Infrastructure and Era Infrastructure are kept out of the calculation.
Milk products and nutrition, the largest category that contributes nearly 47.6% to the company's top line, grew 1.6%
The double-digit growth in itself is eye-popping, given the FMCG sector has seen low single-digit volume growth in recent times.
However, the Indian market is not in good shape, he said.
Although large companies like Nestle, Dabur or HUL have been impacted by this slowdown in demand, it was the small, local players that have been hit harder.
Thousands of retail investors are reaping the benefits of the disruption that the latest technologies have brought to the equity market. Brokerage firms are aggressively investing in technologies such as artificial intelligence, machine learning, big data and analytics, social media, chatbots, virtual assistants and so on.
India Inc is borrowing from global firms as interest rates sky rocket in India.
The government is selling over 41.22 crore shares or 5 per cent stake in NTPC.
What stocks will gain from a normal monsoon?
Meanwhile, for the fortnight ended March 20, deposits grew 11.42% y-o-y.
The time-bound nature of the bankruptcy code, envisaging resolution within 180 to 270 days, would put enormous pressure on the existing judicial infrastructure.
The rupee has been under immense pressure due to a host of reasons including soaring crude oil prices, sustained foreign fund outflows and widening current account deficit.
Analysts believe total cost of production at Rs 1,000/tonne reasonable for power firms.
As wholesalers largely failed to meet GST norms, companies were in a fix. According to industry veterans like Sunil Duggal, chief executive of Dabur, the hazard led many to look beyond third-party distribution and take the leap to cover unattended markets directly.
Initially, hair care products such as Vatika hair oil and shampoos, Meswak toothpaste, Chyawanprash and honey would be made available.
The company is targeting 100 million subscribers in shortest possible time, RIL Chairman Mukesh Ambani said
While FMCG companies lose Rs 98,928 crore in m-cap, consumer durables stocks are down Rs 20,673 crore since November 8.
Lower crude oil prices would impact India's inflation, CAD.
Nestle, for the record, does not give a break-up of its exports.
The stores will sell products under the Fashion at Big Bazaar brand.
'The obvious opportunity is biosimilars, which are simpler but more expensive,' says Kiran Mazumdar-Shaw, founder of Biocon.
L&T is the preferred pick, but given the opportunities in the power T&D space analysts are also positive on KEC, ABB and Kalpataru
The implementation of MCLR from April 1 has already led to a rate cut of 10 basis points on home loans by the country's largest bank, State Bank of India, and others.
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