State-owned Rashtriya Chemicals & Fertilisers Ltd (RCF) on Friday reported nearly a three fold jump in its consolidated net profit at Rs 142.38 crore for the quarter ended March. Its net profit stood at Rs 47.16 crore in the year-ago period, the company said in a regulatory filing. … [Read more...] about RCF Q4 profit jumps nearly 3-fold at Rs 142 crore
Jumped for the saddle but the saddle wasnt there
Technical reasonsThe volatility determined by India VIX fell 0.05 percent to 31.45 levels. Volatility has been falling for the last five sessions, which is supporting the index to hold the immediate support zones with a rangebound bias.Experts are of the view that if the Nifty sustains above 9,160, then long positions can be considered for modest targets of 9,350, whereas shorts should be preferred below 8,968 levels for a target of 8,850. … [Read more...] about Sensex jumps 1,000 pts, Nifty above 9,300; 4 key factors behind the rally
"According to executives, Sikka's product mindset did not work for the company and eventually led to his departure. Then came Parekh’s appointment at a time the company was looking for an executive who would bring in stability," said Pareekh Jain, founder, Pareekh Consulting. … [Read more...] about Wipro’s new CEO: Can foreign executives succeed in Indian IT firms?
"Markets have closed on a positive note, after a volatile day of trade, in anticipation of GDP data due out later today. Global cues also were negative, following heightened US-China diplomatic issues, which offset stimulus news and economies opening up," Vinod Nair- Head of Research at Geojit Financial Services said. … [Read more...] about Taking Stock: Volatile Friday! Nifty reclaims 9,500; Sensex rallies over 200 points
We have factored in all the visible uncertainties related to Covid-19 and built a sharp recovery in FY22e volumes (after two years of high double-digit de-growth). However, we recommend 'Hold' rating due to elevated valuations with a target price of Rs 320 (20x FY22e EPS plus the value of TVS Credit at Rs 37/share). … [Read more...] about Hold TVS Motor Company; target of Rs 1002: East India Securities