Road ahead is challenging; downgrade to Hold
* Indian business delivered a strong operating performance, with EBITDA of Rs12,187/t. However, we note that the bigger su..
MOIL cuts manganese ore prices for Q2 FY21 to reduce stocks
Manganese Ore India Ltd (MOIL), the largest manganese ore producer in India, reduced prices by up to 15% wi..
Subdued results, but extension of anti-dumping duty to boost outlook
* A 4.7% decline in volume and 2.7% fall in ASP resulted in a 7% qoq drop in topline, which also r..
FY21 to remain subdued, but FY22 looks promising; maintain Buy
* ASP miss of 8% resulted in lower-than-expected topline, which percolated to EBITDA miss. The plant was..
The government on Wednesday assured steel makers that it will take appropriate measures to reduce the logistics cost of products that currently reaches as high as 28 per ..
India: NMDC hikes iron ore price by 9-10% on tight availability
-NMDC increased iron ore prices from Chhattisgarh mines by INR 200-240/t w.e.f 30 Jun'20 --Domestic..
The auditors of Tata Steel have raised concerns regarding the 'material uncertainty' of its European arm due to the Covid-19 pandemic's severe impact on..
The much prolonged resolution of Bhushan Power and Steel Ltd, is stuck in its last leg as JSW Steel is not ready to pay the resolution amount unless the Enforcement Direc..
Below is the Quote On 4QFY20 results of Tata Steel by Mr. Jyoti Roy, DVP Equity Strategist, Angel Broking Ltd
“Tata Steel reported a 20.4% YoY de-growth in conso..
Tata Steel on Monday reported a consolidated net loss of 1,095.68 crore for the January-March quarter of the 2019-20 financial year.
During the same period of FY 2018-..
The company reported standalone net profit of Rs 22.99 crore for the quarter ended March 31, 2020 as compared to Rs 40.86 crore in the same period last year, registering ..
Lower commodity prices impact earnings
EBITDA in-line; PAT loss due to impairment of Oil & Gas assets
* Vedanta (VEDL)’s 4QFY20 results reflect the bene..
Accelya Solutions In Q4 net profit up 32.35% at Rs 24.71 cr
US dollar rises after Fed policy meeting
Rupee rises by 12 paise to Rs 69.05 against dollar
Headwinds recede for Tata Motors, but it is not out of the woods just yet
Infosys signs agreement with U.S. IRS; sees lower tax rate
Angel Top Picks – July 2020 By Angel Broking
Madhuri will miss `Guru-shishya bond` with Saroj Khan
Huawei patents smartphone with attachable zoom lens
Rupee rises 14 paise to 74.52 against US dollar in early trade
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