Anand Rathi MRF (Buy)Target: ₹96,217CMP: ₹80,299.95We continue to be positive with regard to the outlook for MRF across segments. We expect the demand momentum to continue as we are experiencing unloc
Read more about India could see a record equity supply of Rs 2-3 trn in FY22: Jefferies on Business Standard. Over the past decade, the contribution of IPOs to equity fund-raising at around 27 per cent has been muted, Jefferies said
Anand RathiTTK Prestige (Buy) Target: ₹9,897CMP: ₹8806.40Despite the challenging times, TTK Prestige has emerged stronger in FY21 and is set to benefit from a shortening replacement cycle and rising d
Unlike hotels and resorts, where people will flock once again after vaccinations, Covid may have made a behavioural shift among cinema goers in favour of OTT platforms.
U.S. Treasury yields slip to two-week low Uptrend intact if gold holds above $1,845/oz support - analyst Asia shares track Wall Street gains (Recasts, adds comment, updates prices)
May 25 (Reuters) - Gold reversed course on Tuesday, climbing towards last week’s 4-1/2-month peak, supported by a weaker dollar and bond yields after Federal Reserve officials affirmed their support to keep monetary policy accommodative for some time.
Spot gold was up 0.2% to $1,885.47 per ounce by 0724 GMT, after falling as much as 0.5% earlier in the session.
U.S. gold futures edged 0.1% higher to $1,886.50.
“Weak dollar, rebound in investment demand and no major threat of tapering in near term from the U.S. Federal Reserve are major reasons for gold achieving $1,885 recently,” said Jigar Trivedi, commodities analyst at Mumbai-based broker Anand Rathi Shares.
Gold reversed course on Tuesday, climbing towards last week s 4-1/2-month peak, supported by a weaker dollar and bond yields after Federal Reserve officials affirmed their support to keep monetary policy accommodative for some time. Spot gold was up 0.2% to $1,885.47 per ounce by 0724 GMT, after falling as much as 0.5% earlier in the session. US gold futures edged 0.1% higher to $1,886.50. Weak dollar, rebound in investment demand and no major threat of tapering in near term from the US Federal Reserve are major reasons for gold achieving $1,885 recently, said Jigar Trivedi, commodities analyst at Mumbai-based broker Anand Rathi Shares. The dollar index slipped 0.3% to its lowest since Jan. 7 against its rivals, making gold less expensive for holders of other currencies. [US/] [USD/]
Amara Raja Batteries bucks Covid blues, logs strong growth across verticals in FY21
May 25, 2021
Awaits PLI scheme for new plan
Amara Raja Batteries Limited registered a strong performance in FY21 bucking the disruption caused by the Covid pandemic lockdown by registering a strong volume growth across verticals. Growth was aided by volumes in both automotive and industrial applications across all customer segments. These sectors witnessed better- than-expected demand in the last two quarters of the last financial year.
The batteries major posted a profit of ₹646.83 crore and income of ₹7237.14 crore for FY21.
The company completed expansion of capacities in 4Ws/2Ws (by 1.5m/3m units to 14m/20m units) and is expected to deploy a capex of about ₹400-450 crore in FY22, according to Motilal Oswal.