Export consignments to the Middle East have also been impacted. To manage the situation, the company said it is re-routing shipments and putting in place alternate logistics arrangements.
Stocks like Enviro Infra, Shakti Pumps, EMS, and their peers have been in focus since Wednesday, after the Union Cabinet extended the duration of the Jal Jeevan Mission till 2028, and also increased the allocation towards the scheme.
Equirus Securities expects room air conditioner volumes to grow around 20% this calendar year. Manoj Gori, Associate Director – Equity Research said AC prices are already up about 7–8% due to currency depreciation and raw material costs.
Morgan Stanley expects thermal coal-based generation to shoulder a larger share of incremental demand. The shift could also lead to higher solar curtailment in certain regions, allowing thermal plants to ramp up output more smoothly.
Vijay Sales spoke to CNBC-TV18 on Wednesday and mentioned that induction cooker sales have spiked over the last two days and there could be a shortage in case demand continues to rise.
Precious metal prices in India fell on March 12 due to geopolitical tensions and a stronger US dollar. Gold futures on MCX dropped 0.26%, and silver declined 0.63%.
Aarti Industries shares rose 5.5% after announcing a $150 million supply contract with a global agrochemical firm, boosting earnings visibility and capacity utilisation through March 2030.
Aditya Birla Capital operates as a diversified financial conglomerate. Most of its value lies in its flagship diversified NBFC business, which has assets under management (AUM) of ₹1.5 lakh crore.
Aditya Birla Capital operates as a diversified financial conglomerate. Most of its value lies in its flagship diversified NBFC business, which has assets under management (AUM) of ₹1.5 lakh crore.
Gold and silver prices stayed steady on March 12, with gold at $5,149 an ounce and silver at $85.195 per ounce. Rising crude prices and West Asia tensions influenced the market.