"Escort will continue to witness stability in demand owing to government support for the agricultural sector and good monsoon. We have a positive marking on Bosch for the being the leader in the Fuel injector system in regard to the BS6 transition and Minda industries for the benefits of censor and controllers," Nair said. … [Read more...] about July auto sales signal recovery: Should you buy stocks from the sector?
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Brokerages believe many non-banks will seek fresh equity capital to pre-empt any worsening due to COVID-19. They estimate around $3.5bn-4.5bn of equity raising from this segment. The reasons include risk mitigation, cash conservation, confidence or growth capital and opportunity capital. … [Read more...] about Shriram Transport Finance hires 8 bankers for a Rs 1,500 crore rights issue
Puneet Chandok, President, India and South Asia, AWS, said in a virtual conference that they are seeing increasing adoption of its over 175 cloud offering among its customers for various reasons. This ranges from reducing the cost structure and risk to enabling connected car platforms for auto manufacturers. … [Read more...] about Bharti Airtel and Amazon Web Services partner to accelerate digital transformation in India
Most stock portfolios constructed using one style (or factor such as value, growth, momentum and volatility) typically underperform when the underlying premise does not fit prevailing market conditions. The Nifty Alpha Low Volatility 30 Index aims to address this problem by employing more than one factor to select stocks for the portfolio. According to the fund house, the back-test shows this index outperforming the Nifty 50, Nifty 100 as well as broad indices such as the S&P BSE 500 in eight out of ten calendar years. Of course, there is no certainty of such an outperformance in the future. … [Read more...] about ICICI Pru Alpha Low Vol 30 ETF NFO: Should you invest?
Prem Somani Financial ServicesStandalone Quarterly Resultsin Rs. Cr.Jun'20Mar'20Jun'19Net Sales/Income from operations0.010.010.01Other Operating Income------Total Income From Operations0.010.010.01EXPENDITUREConsumption of Raw Materials------Purchase of Traded Goods------Increase/Decrease in Stocks------Power & Fuel------Employees Cost0.010.010.00Depreciation0.000.000.00Excise Duty------Admin. And Selling Expenses------R & D Expenses------Provisions And Contingencies------Exp. Capitalised------Other Expenses0.040.210.05P/L Before Other Inc. , Int., Excpt. Items & Tax-0.04-0.21-0.05Other Income-0.03-0.010.01P/L Before Int., Excpt. Items & Tax-0.06-0.23-0.04Interest------P/L Before Exceptional Items & Tax-0.06-0.23-0.04Exceptional Items------P/L Before Tax-0.06-0.23-0.04Tax------P/L After Tax from Ordinary Activities-0.06-0.23-0.04Prior Year Adjustments------Extra Ordinary Items------Net Profit/(Loss) For the Period-0.06-0.23-0.04Equity Share … [Read more...] about Prem Somani Standalone June 2020 Net Sales at Rs 0.01 crore, up 103.77% Y-o-Y