Capital Goods stocks were trading with gains, with the S&P BSE Capital Goods index increasing 173.86 points or 0.79% at 22160.7 at 09:49 IST. Among the components of the S&P BSE Capital Goods index, V-Guard Industries Ltd (up 3.85%), Bharat Heavy Electricals Ltd (up 3.66%),Adani Green Energy Ltd (up 2.29%),SKF India Ltd (up 1.51%),Larsen & Toubro Ltd (up 1.09%), were the top gainers. Among the other gainers were Carborundum Universal Ltd (up 0.88%), AIA Engineering Ltd (up 0.6%), Havells India Ltd (up 0.31%), Kalpataru Power Transmission Ltd (up 0.18%), and Honeywell Automation India Ltd (up 0.11%). On the other hand, Bharat Forge Ltd (down 1.46%), ABB India Ltd (down 1.45%), and Finolex Cables Ltd (down 0.6%) turned lower.
Edelweiss has buy call on
Carborundum Universal with a target price of Rs 640. The current market price of Carborundum Universal Ltd. is Rs 587.8.
Carborundum Universal Ltd., incorporated in the year 1954, is a Mid Cap company (having a market cap of Rs 11265.49 Crore) operating in Industrial Consumables sector.
Financials For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 766.54 Crore, up 3.78 % from last quarter Total Income of Rs 738.59 Crore and up 22.96 % from last year same quarter Total Income of Rs 623.40 Crore. Company reported net profit after tax of Rs 89.98 Crore in latest quarter.
Stock has given a follow through to the breakout from previous consolidation range of 550 – 470. A move above 610 will give further impetus to the stock.
Worldwide Grinding Wheel Market Research Report 2021 by Type, Application, Participants and Countries, Forecast Year to 2026
iCrowd Newswire
Grinding Wheel Market Overview
The Grinding wheel market size can possibly develop by USD 50 billion during 2021-2025, and the market s development force will speed up at a CAGR of 4.88%.
Market Competitive Analysis
The report investigates the market s cutthroat scene and offers data on a few market merchants, including:
3M Co.
Tyrolit - Schleifmittelwerke Swarovski KG
…
The Grinding wheel market is divided and the merchants are conveying development procedures like item augmentations, innovative progressions, and development in M&A exercises to contend on the lookout. Snap here to reveal other effective business systems conveyed by the merchants.
Capital Goods stocks were trading in the negative zone, with the S&P BSE Capital Goods index falling 23.68 points or 0.11% at 20605.15 at 13:49 IST. Among the components of the S&P BSE Capital Goods index, Bharat Electronics Ltd (down 3.13%), Schaeffler India Ltd (down 1.71%),Honeywell Automation India Ltd (down 1.7%),GMR Infrastructure Ltd (down 1.65%),Bharat Forge Ltd (down 0.89%), were the top losers. Among the other losers were Thermax Ltd (down 0.81%), V-Guard Industries Ltd (down 0.76%), AIA Engineering Ltd (down 0.66%), Siemens Ltd (down 0.55%), and ABB India Ltd (down 0.27%). On the other hand, Carborundum Universal Ltd (up 4.57%), Kalpataru Power Transmission Ltd (up 3.8%), and SKF India Ltd (up 0.82%) moved up.
Silicon Carbide Market size Register a Growth size 2026-end
BriefingWire.com, 5/05/2021 - Global Silicon Carbide Market was valued US$ 3.48 Bn in 2017 and is anticipated to reach US$ 5.50 Bn by 2026 at a CAGR of about 5.22 % during a forecast.
Global Silicon Carbide market is segmented by product, application and by region. Product segment is further by Black silicon carbide, green silicon carbide and others. Applications covered in the report are Steel & Energy, Automotive, Aerospace & Aviation, Military & Defence, Medical, Electronics & Semiconductors and Others.
Report covers the in-depth analysis of market trend, macro and micro economic analysis of region that affect the industry, dominant players in the specific regions and competitive landscape of the market by North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Comprehensive regional analysis gives the decisions makers the required information and data to take t