Steel authority (SAIL) management announced a higher capex run rate with the onset of a new volume expansion program. Disparity in long product prices an..
China steel price decline caps near-term upside
HRC price falls ~15% WoW on fear of govt. action
China domestic HRC and seaborne iron ore prices have corrected ~15%..
A low base pushed India's April 2021 industrial production rate higher on YoY basis as well as growth levels last seen in pre-pandemic period of April 2019.
Aluminium smelter expansion is last in priority
Hindalco management was categorical in underlining that 1/2 quarters of high LME doesn’t impact strategy of creat..
We upgrade our rating to BUY and raise TP to Rs2,360 due to upward revision in FY22/FY23 estimates and multiple. Higher multiple is attributed to expectation of rise in S..
Deleveraging to continue on strong earnings
Announced Steel capex improves the growth outlook
* JSP achieved its highest ever Steel EBITDA/PAT of INR48.8b/INR27.7b ..
Novelis margins continue to improve
We raise HNDL’s FY22/FY23 EBITDA estimate by 17%/10%
* The 4QFY21 result of Hindalco (HNDL)’s subsidiary Novelis hig..
Deleveraging to be strong despite capex
Near-term margin outlook is positive
* Tata Steel (TATA) has been a key beneficiary of rising steel prices. As expected, it ..
China’s steel production continues to surprise
Chinese government warning could cap steel prices in the near term
China’s steel production continues to ..
FY22E Net Debt/EBITDA at <1x
Deleveraging (Rs 110bn in Q4FY21) aided by Rs 32.4bn of net proceeds from partly paid shares was the key highlight of Tata Steel Q4FY21..
The company reported standalone net profit of Rs 12.30 crore for the quarter ended March 31, 2021 as compared to Rs 5.06 crore in the same period last year, registering a..
An alternate deal contour can draw better acceptance
Jindal Steel & Power (JSPL) has announced sale of its 96.42% stake in Jindal Power (JPL) to a promoter entity ..
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
Daily Market Commentary 21 September 2021 by Mr. Siddhartha Khemka, Motilal Oswal
Mswipe's lending business appoints Tanya Chadha as Chief Operating Officer
Goa accounts for 12% of drug manufacturing in India: Chief Minister Pramod Sawant
Buy Aluminium Above 230 SL Below 228 TGT 232.50/233.50 - Axis Securities Ltd
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