Strong quarter, aided by healthy realisation….
For Q1FY22E, we expect domestic steel companies to report a healthy quarter (in terms of EBITDA/tonne), driven by..
Profitability improves; deleveraging on
Steel Authority of India (SAIL) reported in-line EBITDA at Rs65.6bn (CentrumE: Rs66.7bn), down 7% QoQ, with EBITDA/t of Rs19,72..
Muted quarter; SS pipe order book shows green shoots
We maintain BUY rating and raise TP to Rs2,550 with no revisions in our FY22/FY23 estimates as we expect revenue a..
Better days ahead
Hindalco (including Utkal Alumina) reported better than expected EBITDA of Rs24.1bn (CentrumE: Rs20bn), up 30.5% QoQ primarily on account of higher a..
Hindustan Copper is currently trading at Rs. 138.15, up by 0.30 points or 0.22% from its previous closing of Rs. 137.85 on the BSE.
The scrip opened at Rs. 139.80 and ..
Religare Super Idea**
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Robust demand recovery amid gradual supply increase is expected to push base metal prices higher on a year-on-year basis in 2021.
However, increasing environmental con..
Steel plant divestment/commissioning and rampup can unlock value
Board of directors of NMDC, has approved the scheme of arrangement for demerger between NMDC and NMDC..
Earnings outlook remains strong
Higher pricing to offset impact of premium levy
* NMDC is a play on strong iron ore prices and volumes, well-reflected in its 4QFY21..
Surya Roshni, engaged into two businesses of steel pipes & lighting, is #1 exporter of ERW pipes & #2 player in lighting business. Revenue from steel pipes busine..
Biggest beneficiary of improved pricing
Deleveraging to remain strong
* SAIL continues to reap the benefits of higher steel prices as 4QFY21 EBITDA grew 21% QoQ, de..
Headwinds pile up
Steel Authority of India (SAIL) reported lower than expected EBITDA at Rs61.5bn. Even after adjusting for wage revision provision (long due) from Apr..
Rupee falls 10 paise to 73.94 against US dollar in early trade
Rupee strengthens against US dollar on Tuesday
Rate decision, US stimulus likely constraints to rupee's further appreciation
Rupee slips on RBI's dovish stance, 'loose' policy
Currency Squeeze: Rupee expected to weaken further
TN signs 24 MoUs with investment outlay of Rs 2,120 cr
New TN export policy targets $100 bn exports by 2030
India must work towards sustainable growth in post-pandemic era - Shaktikanta Das
Benchmarks end volatile session flat with negative bias
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