Ahead of Market: 12 things that will decide stock action on Friday
SECTIONS
Last Updated: May 20, 2021, 10:20 PM IST
Share
Synopsis
Analysts said, Nifty may end up going back to a broad trading range if it doesn t end up seeing any followup buying.
Getty Images
Related
NSE
By Sabari Saran
New Delhi: The domestic equity market continued to fall for the second straight day as sharp sell-off in metals and financial counters weighed on investor sentiment. The index breached the psychologically important 15,000-mark, forming a bearish candle on the daily chart.
Analysts said, Nifty may end up going back to a broad trading range if it doesn t end up seeing any followup buying. Nifty will need to hold above the 15,000 level to witness any further bounce. Will the market regain the 15,000 level or see pain in the short term?
Image courtesy: Enamor via Facebook
Synopsis
Despite the women’s category being a dominant contributor to the revenue of the Indian innerwear market, the sales of traditional lingerie makers continue to be terribly low. Yet, Enamor has managed to stay amongst the market leaders. The company in 2019 was acquired by Advent International, a US-based private-equity investor. What does this mean for its future?
Lingerie shopping in India is a lot more inclusive and private in 2021. Thanks to the Internet, most women can now spend hours figuring out the perfect size and scroll through pages of designs before choosing the right innerwear.The millennial and Gen Z women are spoilt for choices, available both online and offline. But two decades ago, besides the embarrassment one felt while buying innerwear at the neighbourhood fancy store, one also had to
Jockey’s Page Industries fails to get ITC relief on promotional goods from AAAR
May 11, 2021
×
‘The ruling has rightly held that display boards, posters, etc. sent to the franchisees, distributors are inputs and not capital goods’
The Appellate Authority for Advance Ruling (AAAR) has held that the GST paid on promotional items cannot be availed as Input Tax Credit (ITC).
Hearing a petition filed by Page Industries, makers of Jockey and Speedo brands, the Karnataka AAAR observed that the promotional products/materials and marketing items used by the company can be considered as “inputs” as defined in Section 2(59) of the CGST Act, 2017. However, the GST paid on the same cannot be availed as ITC in view of the provisions of Section 17 (2) and Section 17 (5) (h) of the CGST Act, 2017. The AAAR has disposed off the application.
How D-Street’s roaring 2020 proved a bittersweet year for India’s ‘midcap mogul’
SECTIONS
Share
Synopsis The former star fund manager of IDFC Mutual Fund is known for his ‘buy and hold’ strategy through which he has over the years discovered hidden gems.
Kenneth Andrade has had a formidable track record of giving 22.3% annualised returns for a decade.
Related
MUMBAI: One of India’s most accomplished value investors, Kenneth Andrade, is what the Reddit generation will call the original ‘diamond hands’. The former star fund manager of IDFC Mutual Fund is known for his ‘buy and hold’ strategy through which he has over the years discovered hidden gems like Page Industries, MRF and VA Tech Wabag.
Page Industries fell 1.09% to Rs 29,614.80 after the company said it has temporarily suspended its manufacturing and operations in Karnataka with effect from 30 April 2021, due to the re-emergence of COVID-19 cases.
Warehouses, elastics, raw material stores and other required departments including support functions will operate with minimum required number of employees by strictly following the COVID-19 guidelines.
The duration of the temporary suspension will depend upon improvement in the situation and health advisory by the Government of India. Since, the manufacturing facilities been shut down temporarily there will be an impact on production volumes during this period, the firm said. We have enough inventory levels to carry us into the next couple of months. When the lockdown is lifted, Manufacturing & Operations will be commence immediately with full capacity, it added.