Stay updated with breaking news from அம்பரேஷ் பலிகா. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
As the second wave of the Covid-19 pandemic gripped India, it resulted in an increased demand for insurance products. The institutional players on the Street saw it as an opportunity and lapped up shares of the largest private player - SBI Life Insurance Company. Moreover, an impressive March quarter show made them even more gung-ho on the prospects of the firm. As recent as Friday, Carlyle offloaded its 4.2 per cent stake in the firm, and more than three dozen institutional investors bought the shares. Meanwhile, the shareholding pattern for the quarter ended March 2021 (Q4FY21) also shows that foreign portfolio investors hiked their stake in the firm by 3.5 per cent while domestic institutional investors by 1 per cent. ....
Shree Renuka Sugars ended locked in the 10 per cent upper circuit. “These stocks are gaining because sugar prices have gone up in the international market and because of government’s ethanol policies. Ethanol mixing in petrol was about 5-6 per cent and government has given a mandate to increase it to 20 per cent by 2025,” said independent advisor Ambareesh Baliga. “Now, ethanol can be manufactured directly from sugar. This will ensure sugar inventory is not too high,” said Baliga. Stocks such as Avadh Sugar, Uttam Sugar, Triveni Engineering, Dwarikesh Sugar, Shree Renuka and Bajaj Hindusthan have gained 40-87 per cent in the last one month. All the sugar companies are in the green for 2021 calendar year, gaining 10-55 per cent. ....
Sugar stocks on a sweet ride, but low volume turns analysts cautious SECTIONS Share Synopsis Sugar stocks have been seeing a rally of their lifetime, as rising international prices and increased demand for ethanol from oil market companies (OMCs) have raised their outlook. Sugar stocks have surged up to 90%. Related NSE Explore Now NEW DELHI: Even as rising Covid-19 cases have tamed the speed of the equity bulls, there are some pockets in the market that have remained virtually unaffected. Stocks of often-overlooked sugar makers are one such pack. Sugar stocks have been seeing a rally of their lifetime, as rising international prices and increased demand for ethanol from oil market companies (OMCs) have raised their outlook. In the last one month, these stocks have surged up to 90 per cent. ....
While the March quarter earnings season - that is Q4FY21 is still in full swing, the early set of numbers that have come in over the past month point towards a strong performance, mainly on account of a low base over the previous quarter. But have these numbers met Street expectations and what have been the hits and misses so far? That apart, we will also get a glimpse of what lies ahead for India Inc in fiscal 2021-22. Will the lockdown and mobility curbs imposed across several key states impact corporate performance, especially the services and manufacturing sectors? Are we staring at earnings downgrades in the quarters ahead? ....
India is currently in midst of a tsunami of Covid cases with daily numbers close to 4 lakh, which is 4x the peak of the first wave seen in 2020, and we don’t seem to be anywhere close to a peak yet. There are strong chances that there will be lockdown in more regions in May as the numbers climb. So far, the stock markets are blissfully ignoring the humanitarian crisis, assuming that this is a passing phase and all will be well in the next couple of months once the vaccination drive picks up. However, the pipeline for vaccine supplies is still uncertain. Unfortunately, the emotional drain would be much deeper and the fear of the third Covid wave will limit economic activities, despite the gradual opening up over a period of time. ....