Highlights- Environment nod for the mega project in Solapur- Sanctioned project capacity of 874 tonnes per day- First phase capex of Rs 200 crore- Project likely to start in Q4 FY21- Hunt for import substitution a key positiveThe green clearance for Balaji Amines (mcap – Rs 1,141 crore) for its Solapur mega project spread across 36 hectares has come as a shot in the arm for the company. This adds to our conviction for the stock in the medium term as it potentially removes capacity constraint for about 8-10 years.The go-ahead allows the firm to set up an organic and specialty chemicals manufacturing unit with a sanctioned capacity of 874.2 tonnes per day and an estimated project cost of Rs 400 crore. It also allows installation of captive power plant of total capacity of 10 MWh (megawatt hours).Close Also read: Balaji Amines Q2: Strong uptick in volumes related news Full focus now on getting Zee back to the top: Punit Goenka Moneycontrol Flight Price Tracker | … [Read more...] about Balaji Amines: Green clearance sets up the right pitch
Highlights- Disappointing numbers from auto majors in all segments- Economic slowdown, new axle load norms, tight liquidity and non-availability of finance weigh on CVs- Passenger car segment did relatively well, three-wheelers posted strong growth- Two-wheelers continue to hit speed bumps--------------------------------------------------The auto sector, especially the commercial vehicle (CV) segment, continues to gasp for oxygen. There seems to be no respite due to weak macro environment and regulatory framework. Auto majors have, however, seen some recovery in passenger vehicle (PV) and three-wheeler (3W) segments.Close Pre-buying ahead of BS VI implementation is a critical catalyst. Additionally, higher reservoir levels, adequate soil moisture condition and an improved MSP of Rabi crop are expected to augur well for tractor and two-wheeler (2W) demand in the next few months. related news Toyota Kirloskar sales down 19% at 9,241 units in November BS VI emission norms to … [Read more...] about November auto sales: No green shoots yet!
The NGT-appointed Yamuna Monitoring Committee has asked the Delhi Pollution Control Committee to prepare a report on the river's water quality citing data from the last five years to assess if there has been any improvement in it. The National Green Tribunal has already tasked the DPCC with furnishing monthly reports on the river water quality.The DPCC monitors the river water quality on monthly basis through nine water quality monitoring stations."While the report required by the tribunal should be furnished, it will be desirable if the DPCC also prepares a comprehensive report based on monthly tests carried out at 9 stations and the trend analysis over the last five years," the panel told the pollution control body during a meeting on November 27.Close "The DPCC has been directed to prepare a report giving month-wise quality parameters observed over the last five years so as to make an assessment whether there is improvement in water quality," it said. related news Drop … [Read more...] about NGT panel asks pollution body to give report on Yamuna water quality over last 5 years
Benchmark indices are trading on a positive note with Nifty adding 19 points and is trading at 11,941 while the Sensex jumped 87 points and is trading at 39,872 level.Nifty Metal is up close to a percent led by Jindal Steel and Power and JSW Steel which are up over 1 percent each followed by NALCO, NMDC, SAIL, Tata Steel and Vedanta.From the IT space, the top gainers are HCL Tech, Tata Consultancy Services, Tata Elxsi, Infibeam and Birlasoft among others.Close Selective banking stocks are trading in the green led by YES Bank, IDFC First Bank, PNB, ICICI Bank and Bank of Baroda. related news Trade Setup for Monday: Top 15 things to know before Opening Bell Eight of top-10 most valued cos add Rs 52,194 cr in m-cap Q2 GDP numbers aggravate concerns on economy: How will the market react on Monday? Nifty Pharma is down close to a percent dragged by Sun Pharma which is down 3 percent followed by Dr Reddy's Labs, Cadila Healthcare, Glenmark Pharma … [Read more...] about D-St Buzz: Over 150 stocks hit new 52-week low on BSE; Sun Pharma down 3%, YES Bank gains
Benchmark indices have added half a percent each with Nifty adding 66 points and is trading at 11,988 while the Sensex jumped 245 points and is trading at 40,029 level.Banking stocks are buzzing in this afternoon session led by gains from YES Bank, IndusInd Bank, Bank of Baroda, ICICI Bank, Federal Bank, Canara Bank, IDBI Bank and Union Bank of India.Media stocks are also buzzing with gains from Dish TV which spiked close to 10 percent followed by TV18 Broadcast, UFO Moviez and Zee Entertainment among others.Close Metal stocks continue to trade in the green led by Jindal Steel and Power, JSW Steel, NALCO, NMDC, SAIL, Tata Steel and Vedanta. related news Trade Setup for Monday: Top 15 things to know before Opening Bell Tata Motors total sales down 25% at 41,124 units in Nov Amazon, Infosys, 26 other cos respond to Tea Board's EoI for technology use Selective oil & gas stocks ate up in this afternoon session led by ONGC, Reliance Industries, … [Read more...] about D-Street Buzz: Bank Nifty outshines led by YES Bank; Zee Ent, Tata Motors jump 2-3% each