Strong Future Ahead, Driven by Efficient Cost Management and Improved Product Mix
Zomato, Blue Star, Zydus Lifesciences are among the top gainers and losers in trade on January 7
According to B Thiagarajan, it is not as simple as an explosion in demand for cooling products brought on by the unprecedented spell of high temperatures.
Revenues jump, operating margins expand but PAT dips
The performance of Voltas in the domestic market is patchy and it is facing execution challenges abroad
Deficient rains can be a bane for agri- and rural-centric companies, while proving to be a boon for sectors that offer respite from scorching heat
Shares continued to slide for eighth day. Sentiments were jittery on earnings downgrades, rising interest rates, FII selling, and weak retail investor interest. Santosh Nair decoded the rout that's plaguing the Indian markets. Vedanta, Lemon Tree, Blue Star & Crompton Greaves Consumer Electricals also on the radar.
European markets end lower after Bank of England implements a 75 basis point rate hike a day after a similar action by the US Fed. The bank also notes that its projections for growth and inflation indicated a “very challenging” outlook for the UK economy as it looks to bring inflation back towards its 2 percent target. And, on the show today, we’ll be discussing why domestic investors are turning sellers despite the recent rally. Stocks in the spotlight today: Hero Moto, Titan, Schneider Electric & Blue Star
The consumer affairs ministry contacted LG, Samsung, Havells, Philips, Sony, Bluestar, Panasonic, among others on the issue
Voltas and Blue Star continue to trade at elevated valuations, which seem to factor in a majority of the positives
The Omicron threat has been mild and is ebbing, giving AC makers a chance to attain higher growth, but they need to clear obstacles in their path
Voltas and Bluestar continue to trade at elevated valuations, which seem to price in the positives. Investors can look to accumulate Amber on correction
The overall valuations in the sector appear quite stretched and seem to factor in the long-term positives
Low penetration levels coupled with rising temperatures make a compelling case for long-term investment in the AC sector. Near-term visibility on demand front is limited, but the companies in the sector have sufficient liquidity to withstand the demand disruptions caused by Covid. Overall, valuations in the sector appear quite stretched, they seem to factor in long-term positives.
The low penetration levels coupled with rising temperatures make a compelling case for long-term investment in the AC sector
As we go down the value chain, it becomes apparent that storage and distribution, which would require cold chains, present new challenges and opportunities
If the J&K government failed to grant any fiscal benefits, the company would shift the project, with a potential of direct employment for 300 and indirect employment for 500, to its other greenfield site at Sri City in Andhra Pradesh, joint managing director B Thiagarajan said.
Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 9300-9200 and resistance at 9414 while Bank Nifty has support at 22200 and resistance at 22500.
B Thiagarajan, joint MD of Bluestar expects market growth of around 20 percent and company’s air-conditioning segment to grow by 35 percent in FY17.
Dipen Shah, a senior VP & head-PCG Research at Kotak Securities, is bullish on Allcargo Logistics due to its significant position in the multi-modal transport segment both in the domestic and international market by virtue of EQL acquisition that the company had done few years ago.
The market is likely to remain subdued if election outcome is mixed. Political cues will impact the market only if the verdict is unilateral says Gautam Chhaochharia of UBS Securities.
Devang Mehta, Anand Rathi Financial Services, in an interview with CNBC-TV18’s Anuj Singh and Sonia Shenoy, spoke about his reading of the market and his outlook.