Shares of NBCC (India) and NMDC fell 16-17 per cent since July 1 despite reporting a 2-3 times jump in year-on-year Q1 sales. Ircon International, Dixon Technologies (India) and Bajaj Auto also declined despite logging in strong year-on-year numbers for the June quarter.
“As indications come that easy money conditions may peter out and interest rates may go higher, one needs to find high ROE, ROCE companies; zero debt companies which are free cash flow generating machines and FMCG companies make good bets.â€
Here is a look at how different commodities are behaving in today’s market.
“You cannot go away from the reforms… we have to make sure that what we have announced is implemented in a short period of time. This is an important administrative problem and the number of ministries which are involved in doing anything that we want to do on the economic policy is also a problem.â€
Here are key things you should know about the Rs 1,894-crore IPO of Vijaya Diagnostic Centre.
The Nikkei share average edged up 0.06% to close at 27,742.29, after swinging up 0.37% and down 0.14%. The broader Topix edged down 0.02% to 1,935.35.
The benchmark ASX 200 index lost 0.54% to end at 7,491.2 as new daily COVID-19 cases in the country topped 1,000 on Thursday for the first time ever.
On the technical charts, the 200-day moving average of the stock stood at Rs 643.55.
“Wherever there is surety of growth and cash flows, money is moving there. Technology, consumption and specialty chemicals are the three sectors where growth seems certain.â€
A total of 11,217 shares changed hands on the counter till 02:38PM (IST)
Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.