“We have downgraded our GDP growth projection for FY22. It was earlier 9.2%. We brought that down to 8.7%, particularly in the last quarter of the year that is Q1 of CY2022.â€
For the day, the index closed at 17,812.70, up 66.80 points or 0.38 per cent
The 30-share pack Sensex gained 142.81 points or 0.24 per cent to close at 59,744.65. Its broader peer Nifty50 added 66.80 points or 0.38 per cent to settle at 17,812.70. The broader markets outperformed as the BSE midcap smallcap indices added half a per cent each.
Motilal Oswal upgraded the company’s stock to BUY from Neutral saying its core business is improving and the paints segment, which the management is seeing as the next area of growth, should shine.
“At some point of time, there will be some kind of corporate action in India Cements and maybe Mr Damani is positioning himself right there.â€
“The conversion from IC to EV will help in premiumisation – will see 10% more than industry growth.â€
There are a total 359 companies listed on SME platform while 127 have already migrated to mainboard
HGS, the business process management unit of century-old Indian conglomerate Hinduja Group, said on Thursday it would pay an interim dividend of 150 rupees per share ($2.02), or about $42 million, after receiving $1.09 billion in sale proceeds.
“Watching famous personalities with huge fan followings trying to trigger their fans or retail investors to invest in super risky asset classes without talking about the risks, or caring about the risk profile of those who follow them is quite disgusting,†said Kamath in a tweet on Thursday.
Japanese policymakers have traditionally favoured a weak yen, as it gives exporters a competitive advantage overseas.
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.