Precious metals should drive volumes
Strong performance; Stable outlook! Reiterate BUY
* Revenue decline (8% YoY) during the quarter was largely led by the Exchange..
Muted steel demand to take toll on EBITDA/tonne….
The announcement of a nationwide lockdown in lieu of Covid-19 adversely impacted domestic steel demand in Q1F..
High other income, silver sales boost earnings
* Robust silver sales, higher other income and resultant low effective tax rate of 18% during the quarter led to better..
Strong execution in a weak environment
Jindal Steel and Power’s (JSPL) Q1FY21 earnings were better-than-expectations with adjusted EBITDA at Rs22.6bn against Rs2..
The company reported standalone net profit of Rs 66.03 crore for the quarter ended June 30, 2020 as compared to Rs 91.42 crore in the same period last year, registering a..
Weak domestic demand impacts profitability
Expected price hikes to improve margins
* JSW Steel’s (JSTL) 1QFY21 results reflect the adverse impact of COVID-1..
Strong show amid crisis
Maintain Buy on cost tailwinds and volume growth in FY22E
JSP’s 1QFY21 consolidated adj. EBITDA (adj. of insurance claim of INR1.2b)..
Potential for higher dividend increases
Hindustan Zinc (HZL) has reported higher-than-expected earnings in Q1FY21. Despite contribution of Rs1bn towards PM-CARES fund..
Volumes impacted by COVID-19 shutdown
Likely to grow again as demand seen improving
Hindustan Zinc’s (HZ) 1QFY21 results reflect impact of the COVID-19 ..
Hindalco Industries on Friday reported a consolidated net loss of Rs 709 crore for the April-June quarter largely due to exceptional items.
During the corresponding pe..
Q1 preview: Triple whammy-Vol, ASP and Mix; non-ferrous to standout
* During the quarter, most companies reduced production as domestic demand tumbled. Pricing took a ..
Capital Expenditure to expand the upstream and downstream capacities of the company
JSW has focused on capacity addition consistently and maintained the balance i..
Rupee falls 10 paise to 73.94 against US dollar in early trade
Rate decision, US stimulus likely constraints to rupee's further appreciation
NCLT approves sale of IL&FS education arm to LEHL
Hyundai Motor India adds new Board members
Vodafone Idea board to mull raising funds post AGR verdict
Benchmarks turn positive in afternoon deals - LKP Securities
As can be seen US Dollar Index is close to its upside breakout and Gold at downside - Swastika Investmart
Jeera trading range for the day is 13920-14940 By Kedia Advisory
Breaking News: Former Gujarat CM Keshubhai Patel passes away at 92, was diagnosed with covid-19 last month
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