Dr. Reddy’s Q4 hit by lower Revlimid; analysts warn of two key risks
Despite the weak quarter, management maintained its outlook of achieving double-digit revenue growth along with margins of around 25%.
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Dixon Tech shares gain over 4% even as bears highlight earnings concerns, bulls cut estimates
On the Vivo JV front, the management of Dixon Tech said that the discussions with the government are at an advanced stage and that they are “very close” to a positive outcome.
Rupee edges higher against dollar on gold, silver duty hike, but US yields weigh
Rupee opens slightly stronger at 95.60 as India hikes gold and silver import duties to 15% to curb imports and support forex, but global inflation and US yields keep pressure.
Tata Power shares down 5% after weak operating performance in Q4, Nuvama downgrades
Brokerage firm Nuvama has downgraded Tata Power to “reduce” from its previous “hold” rating. It has a price target of ₹390 per share, indicating a downside of 6.9% from its previous closing price.
Gold, silver gain over 7% on MCX after India raises import duties on bullion
India raises gold and silver import duties to 15%, sending MCX bullion prices to upper circuit, as policymakers aim to curb imports and support the rupee.
Torrent Power shares will react to Q4 profit fall on higher costs, drag in generation
The key drag came from the generation segment, which reported an EBIT loss of ₹38.9 crore against an EBIT profit of ₹233.8 crore in the corresponding quarter last year.
Titan, Kalyan, Senco Gold shares in focus after customs duty hike on gold imports, ₹50,000 crore rout
Titan, Kalyan Jewellers and Senco Gold have already sold off over the last two sessions, with declines ranging from 11% to as high as 15% across Monday and Tuesday, losing over ₹50,000 crore in market capitalisation.
Four stocks, including Pine Labs to see equity worth ₹21,356 crore free up today
Based on the respective closing price on Tuesday, the total value of the shares that become eligible to be traded is worth ₹21,356.18 crore. It must be noted that the end of the shareholder lock-in does not mean all the…
Gold, silver advance as Fed rate outlook supports safe-haven demand
Gold and silver rose in Asia on US-China summit and Iran tensions, oil eased, US inflation hit a three year high, Kevin Warsh joined the Fed, India hiked gold and silver import tariffs.
Trump says Ukraine war to end soon, hints at potential waiver on sanctioned Russian oil
Donald Trump says the war in Ukraine is close to ending, predicts a Russia Ukraine settlement, lower oil prices, a stock market surge, and falling inflation compared with Biden