Government raises import duty on Gold to 12.5% from 7.5%
* The government announced a 5% increase in gold import duty to 12.5% from the prevailing 7.5%, in an effort t..
Govt announced windfall tax on all refiners (including SEZ refineries) on export of diesel, petrol and ATF at the rate of INR 13/ltr on diesel and INR 6/ltr on petrol and..
PVs and CVs continue their strong run
Sector performance - June witnessed strong performances from all the auto majors in the PV and CV segments sequentially as well a..
Likely levy of 5% GST on curd: No material impact
We believe the likely levy of 5% GST on curd and lassi (Link) is unlikely to have any material impact on the financia..
ET Smart Pharma Summit highlights
The Economic Times (ET) hosted the ‘Smart Pharma Summit 2022’ on 28th June to discuss the future of pharma in terms of in..
GST rate on LED bulbs likely to increase: Passing on of additional cost to consumers when inflation is high
The GST rates on LED bulbs are likely to increase to 18% fr..
Swift turn in the rate cycle; lending rates for fresh loans rise sharply
Private Banks maintain better control on spreads
* As per an RBI May’22 release, the ..
Ethanol capex on track; margins to inch up...
The sugar sector has come out of the bitter cyclicality it used to witness before 2018. In the last four years several go..
Moderation in operational data to weigh on sector expectations
Demand commentary remains robust
ACN reported a better than expected 3QFY22, with revenue growing 27%..
Several near term headwinds loom over textile sector
The textile value chain has recently been marred by various challenges such as: a) all-time high cotton ..
Organized QSR players on a strong growth wicket despite margin concerns
Aggressive expansion plans laid out by all the organized QSR players in India indicates the QSR..
Jun’22 Preview: CVs, Tractors and PVs likely to see sequential improvement
* In Jun’22, CVs are expected to maintain positive growth momentum on a sequenti..
Rupee weakens against US dollar on Thursday
Euro testing support as Ukraine crisis looms over growth
India rupee sees worst week in seven on new variant
Indian rupee weakens against US dollar on Monday
Currency Squeeze: Rupee expected to weaken further
Quote on Nifty: The trend remains positive as the index has been sustaining above the major Says Rupak De, LKP Securities
Daily market commentary By Mr. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
Buy Alembic Pharmaceuticals Ltd For Target Rs.830 - Yes Securities
Add Godrej Consumer Products Ltd For Target Rs.946 - Yes Securities Ltd
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