Monthly Archives: April 2023

The company shows up in a screener of stocks with strong cash generating ability from core business. This forced GAIL to purchase LNG from other sources for a higher price. The recent drop in spot LNG prices has caused GAIL to incur Rs 1,100 crore loss on its inventory. Now GAIL is set to receive two shipments from Sefe for the first time since the supply was halted, as the German company has decided to resume supply from its Non-Russia portfolio.

Caplin Point Laboratories Ltd. (631.50, 3.42%) was trading at 22.1 times of weekly average. UTI Asset Management Company Ltd. (637.15, -1.78%) and Cochin Shipyard Ltd. (460.20, 3.65%) were trading with volumes 13.1 and 11.1 times weekly average respectively on BSE at the time of posting this article. Foreign Portfolio Investor Ahan-I sells a 1.58% stake (1.8 crore shares) in Biocon for Rs 379.9 crore in a bulk deal. In another deal, Integrated Core Strategies sells 0.54% and 0.72% stakes in Delhivery and Jindal Stainless respectively for more than Rs 100 crore each. ICICI Securities maintains its ‘Buy’ rating on Century Plyboard with a target price of Rs 758, implying an upside of 60.6%.

Small-Cap Stock Paying Rs 47/Share Dividend to Turn Ex-Dividend This Week

Besides central banks, broader investors are also buying gold, which pushed gold prices to an all-time high in Feb-2023. Company with a target price of Rs 5,651, implying an upside of 21%. Analysts Sumit Jain and Aditi Patil are positive about the company’s prospects on the back of strong cross-selling opportunities and its ability to bag larger deals post-merger.

“Indian Rupee depreciated today amid weak domestic markets and sustained selling pressure from FIIs. However, soft US Dollar and crude oil prices cushioned the downside. US Dollar declined on contagion fears from the US banking crisis and a fall in US Treasury yields.

After a bounce on Tuesday, punters were seen accumulating Call options for near-the-money strike prices, which is a bearish signal. F&O expiry is scheduled on Thursday, which will lead to volatility. A first-rate increase is seen in March, and three more quarter-point increases are expected by year-end. In such an event, the Company reserves the right to cancel your order and refund any money that may have been paid by you towards the purchase of such products. We give 30 days return and cancellation policy from the date of final delivery to you. In the event, the order/product is delivered and has been canceled due to defective products, delivery of the wrong products, partial product, etc. the refund is processed.

If an investor is looking to ride gold prices along with bank-like interest rates, SGBs clearly stand out. Even parents planning for their children’s marriage could opt for SGBs in the long term as it could be redeemed and bought in physical gold. India is a net importer of gold, India has a greater trade deficit, which shoots up dollar prices. To fill the fiscal deficit caused by the stronger dollar, the government has to borrow more. To combat this problem and limit gold imports, the government introduced a 12% import duty on gold in 2013.

Five-year rolling https://1investing.in/s of physical gold have declined between 2014 and 2019. As investors move towards paper gold like Gold Bees and Sovereign Gold Bonds , the demand for physical gold has decreased over the years. 3 stocks overperformed with 52-week highs, while 17 stocks were underachievers and hit their 52-week lows.

Which are the top pharma companies in India?

The housing segment has witnessed a 20 bps MoM rise in inflation to 4.8%, while clothing & footwear inflation continues to decline for four consecutive months. The marginal MoM fall in CPI in February can be attributed to the fall in vegetable prices, mainly onion, tomato and potato. However, the foods and beverages segment, which has the highest weightage (39.1%), is still facing inflation, due to a sharp jump in cereal prices. Going forward, KPIT plans to focus on improving the quality of hiring as it expects to win more complex projects in the coming quarters. He adds that the company will be involved in all aspects of future mobility with Honda.

MBPL ceased to exist as M&M’s wholly owned subsidiary from March 14. Since March 31, 2022, MBPL had no income from operations and its net worth had reduced to 0.01% of M&M’s net worth. Retains its ‘Buy’ rating on the stock with a target price of Rs 390, indicating a potential upside of 34.5%. The brokerage believes that the receipt of appointed dates for hybrid annuity model projects from NHAI and expected order wins in the near term will lead to higher revenue growth during FY24-25.

UPDATE 2-European shares dip after Fed outlook; SAP weighs

In doing so, the German company has now become the sole owner of Monsanto. Also, speaking of input costs, European gas prices are increasing. It means that the input costs of European companies will increase, and this will benefit Indian chemical companies as Indian companies can sell the product at cheaper prices. However, the company's share price may be falling owing to the current scenario but in the long run, the prospects look bright.

• Torrent Pharmaceuticals is falling as the US FDA issues Form 483 with one observation after conducting a pre-approval inspection at its Gujarat facility.
• Gold has not disappointed retail investors in terms of returns as its prices have gone up by a CAGR of 12.56% in the past 15 years.
• US indices futures trade in the red, indicating a negative start.
• Nifty 50 closed at 16,985.60 (13.5, 0.1%), BSE Sensex closed at 57,634.84 (78.9, 0.1%) while the broader Nifty 500 closed at 14,330.35 (10.1, 0.1%).
• 3 stocks overperformed with 52-week highs, while 17 stocks were underachievers and hit their 52-week lows.
• Bloomberg reported that integration of the companies should begin in two months after the sale of some of Bayer’s agriculture assets to BASF is complete.

Start your mornings with the acclaimed ‘Qrius Mornings’ newsletter that gives you our best article of the day right in your inbox. “Shares in the US company will no longer be traded on the New York Stock Exchange, with Bayer now the sole owner of Monsanto Company,” Bayer mentionedin its official statement. Aarti Industries, the flagship company of the Aarti group, manufactures organic and inorganic chemicals at its major facilities in Vapi, Jhagadia, Dahej and Kutch, in Gujarat. It remains to be seen how and when the value unlocking for shareholders pans out. In 2022, Aarti Industries fell over 40% while it has started 2023 on a lackluster note by falling 9%. The details of listed pharma companies can be found on the NSE and BSE website.

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US consumer price index inflation also remained high in February at 6% YoY, but fell MoM, in line with economists’ expectations. After the collapse of Silicon Valley Bank and other major banks in the past week, analysts are not expecting the US Fed to hike rates in its next meeting. Investors are now waiting for March 22 to see if the US Fed will hike interest rate. Their decision could influence the outcome of RBI’s Monetary Policy Committee meeting in April. The stock fell nearly 3% in trade on Tuesday and traded almost flat on Wednesday.

As the Nation is going through a very crucial situation due to the COVID-19 outbreak, we keep our-self, our family members, and relatives, child and old age persons, and the community safety first. So we request you kindly comply with all the safety measures that the local Govt, body instructed from fortnite map wiped out by black gap to mark finish to time. Fruits r going to rotten .but once I spray this product in the evening ,disease gone . We maintain a negative list of all fraudulent transactions and non-complying users and reserve the right to deny access to such users at any time or cancel any orders placed by them in the future.

US Fed interest rate decision will be released on 22nd March and the Bank of England policy meeting will be held on a subsequent day. The collapse of Silicon Valley Bank , followed by a few other mid & small-sized banks led to increasing concern over a possible financial contagion in the US banking sector. Technically Nifty has formed a Doji candle with a long lower shadow on a daily scale and negated the formation of lower lows of the last seven trading sessions. Now, it has to hold above zones to witness a bounce towards and zones, while on the downside supports are seen at and levels. Brent crude futures for May settlement fell $2.32, or 3.2%, to $70.65 a barrel. The contract earlier declined to as low as $70.56, its lowest since December 2021.

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FC Barcelona and Atletico Madrid both crashed out of the UEFA Champions League on Wednesday night to round off what has been a disastrous week in the competition for a number of Europe's biggest soccer clubs. “MGL has formed a pole and flag pattern on the daily scale and it has formed a bullish candle which indicates strength in the counter. RSI on the daily and weekly scale is showing a positive setup which will support higher levels. Buy MGL with a stop loss of Rs 965 and a target of Rs 1030,” said Rahul shah is Senior Vice President, Group Advisory Leader-PCG, Broking & Distribution at Motilal Oswal Financial Services. Always refer to the product labels and accompanying leaflet for complete details and directions for use. Cut through the clutter and receive in-depth analysis of relevant news.

In the process, the index formed a bullish candle on the daily chart with a long lower wick, suggesting the emergence of buying at low. The sentiment has turned marginally positive but the index needs to defend the 16,800 level to avoid resumption of selling, analysts said.. Planofix when sprayed on plants prevents the formation of the abscission layer by suppressing ethylene gas produced and hence thereby preventing the shedding of flowers, buds, and fruits.

The company, which was already suffering from supply chain disruptions and worries over USFDA inspections, suffered a major blow after reporting back to back weak quarterly results. Environmentalists have called on it to stop selling any GM seeds. Further back in its corporate history, the company was a Nazi contractor and used forced labour. “I’ve been very flexible,” Grant said after the deal was announced on 14 September. “The key is less about the name and more about the products developed.”

• As there is a constant demand for pharma products, stocks from the pharma sector provide stable earnings regardless of the state of the overall stock market.
• The project will benefit Uttar Pradesh, West Bengal and Odisha, among others.
• Back in October 2022, we wrote about the reasons dragging the pharma stock lower and what you could expect from it in 2023.
• Gold Bees are similar to physical gold and are exchange-traded funds.
• Hence FIIs sell their holdings in companies operating in emerging markets like India to return to the safety of dollars.
• ABB India rises 1.4% in the same period ahead of its Q4 results on May 3.

Fuel and light inflation also remained high, rising close to 10% YoY. After briefly falling below the Reserve Bank of India’s upper tolerance limit of 6% in November and December 2022, India’s consumer price index inflation has pulled above the limit for two straight months. Even though it fell marginally by 12 bps in February, it still hit 6.44%. Trendlyne's analysts identify stocks that are seeing interesting price movements, analyst calls, or new developments.

This includes the bulk investment of Rs crores by GQG in Adani stocks. In financial services, they have been alternating between buying and selling on different fortnights. Planofix is an aquous solution containing 4.5% (w/w) of Alpha napthyl acetic acid active ingredient. Major Asian indices closed in the green, except for Japan’s Nikkei 225 index, which fell 1.4% and hit a one-month low. European stocks traded in the green, led by banking stocks, as investor confidence returned ahead of the two-day US Fed meeting, scheduled to start today. However, S&P Global Ratings downgraded its rating on UBS Group to negative from stable after the bank announced its acquisition of Credit Suisse Group.

Backward integration and capacity building is likely to pay dividends in the long term. Wipro and HDFC Life Insurance reach their 52-week lows of Rs 370 and Rs 457.8 per share respectively. Wipro has fallen 8.8% over the past month, while HDFC Life declined 10.4%.

Sovereign Gold Bonds are designed to imitate actual gold in terms of monetary benefits. On top of this, the government pays a coupon interest rate of 2.5% per annum (paid semi-annually) on the nominal value of the bond. SGB has a lock-in period of five years and a redemption tenure of eight years. After the lock-in period, investors can sell the bond in the secondary market. It’s like buying gold and earning an extra 2.5% interest on top of it.

We covered an editorial back in September 2022 explaining why Gland Pharma share price is falling. The company's revenue for the said quarter fell 3% to Rs 10.4 bn compared to a year-ago. This was due to lower business from India and Rest of World, while core markets recorded marginal growth. Bayer, after all, brought Aspirin to market in 1899, and in May it topped a ranking of the world’s most reputable pharmaceutical brands from the Reputation Institute, a marketing consultancy. Analysts say Adani group stocks have a “collateral” effect on markets, especially financials, which were hammered earlier due to fear of exposure to the conglomerate. Bharat Petroleum Corporation Ltd. (350.90, 6.24%) and ICICI Prudential Life Insurance Company Ltd .

However, all of this is speculative in nature but if the deal dos go through, it will be India's biggest pharma deal. In late November 2022, report stated to circulate that Fosun is considering the sale of the Indian drugmaker after receiving interest from potential buyers. Fosun had acquired a 74% stake in Gland Pharma in 2017 from an investor group. Fosun is Gland Pharma's parent company and holds substantial stake in the firm. It has high debt on its books and is struggling due to the impact of the slowdown of the property sector in China.