Multi year breakout stocks 2017

Representative image The country’s apex laboratory has cleared more than 10 crore doses of Covovax, another Covid-19 vaccine by the Serum Institute of India, for exports even as India gears up to roll out the shots to inoculate teenagers, News18.com has learnt. According to government data, the Central Drugs Laboratory (CDL) in Kasauli, Himachal Pradesh has so far approved a little over 10 crore doses of Covovax for the purpose of exports as the vaccine was facing delay in approvals in India. ALSO READ: SII's COVID-19 vaccine Covovax now available for 12-17 age group at private centres While Adar Poonawalla, Chief Executive Officer of Pune-based vaccine maker SII, blamed the government for the delay in launch of his vaccine Covovax, he emphasised that it is the only vaccine manufactured in India that is also sold in Europe and has an efficacy of 90%. The CDL is now expecting the arrival of new batches that can be used for the inoculation drive in India. "With the new … [Read more...] about Covid-19: 10 crore doses of SII’s Covovax approved for exports by govt lab, stock rolled out for teens

- A + A SYDNEY (May 16): Asian share markets were struggling to sustain even a minor rally on Monday, after shockingly weak data from China underlined the deep damage lockdowns were doing to the world's second-largest economy. China's April retail sales plunged 11.1% on the year, almost twice the drop forecast, while industrial output dropped 2.9% when analysts had looked for a slight increase. The risks had been to the downside, given new bank lending in China hit the lowest in nearly four and half years in April. China's central bank also disappointed those hoping for a rate easing, though Beijing on Sunday did allow a further cut in mortgage loan interest rates for some home buyers. News that Shanghai was relaxing some of its lockdown restrictions offered only cold comfort to investors. Chinese blue chips shed 0.4% in reaction while commodity currencies took a knock led by the Australian dollar, which is often used as a liquid proxy for the yuan. MSCI's … [Read more...] about Asia stocks struggle after dire China data

Share to Twitter Share to Linkedin Global average temperatures now have a roughly fifty-fifty chance of temporarily rising above 1.5 degrees Celsius beyond pre-industrial levels within five years, according to a new report from the World Meteorological Organization. The 1.5 degree figure represents an important threshold, as it is nominally the preferred warming limit set by the 2015 Paris Agreement—a limit that nations hope will be sufficient to avoid the worst impacts of climate change. According to the Global Annual to Decadal Climate Update released by the World Meteorological Organization (WMO), the period 2017-2021 saw only a 10% chance of 1.5 degrees being exceeded. But for 2022, that likelihood now stands at 48%. “This study shows—with a high level of scientific skill—that we are getting measurably closer to temporarily reaching the lower target of the Paris Agreement on Climate Change,” said Petteri Taalas, WMO Secretary-General. “Our … [Read more...] about Earth Stands ‘50:50’ Chance Of Passing 1.5 Degrees Warming Within 5 Years

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × ICICI Direct's research report on SKF India SKF India is one of the leading bearing manufacturers known for its deep groove ball bearings and has a presence across the industrial & auto sector. Auto & industrial have been contributing 50-50% to SKF’s topline over the years, with a slight tilt on either side depending on macros • SKF boasts a debt free balance sheet, coupled with consistent RoCE & RoICs upwards of 20%. Outlook We continue to remain positive and retain our BUY rating on the stock. We value SKF at Rs 3720 i.e. 36x P/E on FY24E EPS. Close For all recommendations report, click here Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and … [Read more...] about Buy SKF India; target of Rs 3720: ICICI Direct

Share to Twitter Share to Linkedin UMC, Taiwan’s No. 2 contract chip maker after TSMC, is pairing up with Toyota-backed car-parts supplier Denso to make semiconductors in Japan and meet growing global demand in the automotive sector. United Semiconductor Japan Co. (USJC), UMC’s Japanese subsidiary, announced late last month that it is building a production plant for power chips that control the flow and direction of electric current with Denso, which is part-owned by the world’s largest car maker by sales. “Semiconductors are becoming increasingly important in the automotive industry as mobility technologies evolve, including automated driving and electrification,” Denso president Koji Arima said in the announcement. “Through this collaboration, we contribute to the stable supply of power semiconductors and electrification of automobiles.” “It should be positive news,” says Brady Wang, Taipei-based associate director with market research firm … [Read more...] about Taiwan’s No. 2 Chip Maker Teams Up With Car Parts Giant To Make Semiconductors In Japan

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Motilal Oswal's research report on Gujarat State Petronet Gujarat State Petronet (GUJS) reported absolute numbers in line with our estimates, with volumes at 29.3mmscmd (-14% YoY, -8% QoQ) in 4QFY22. We remain optimistic on the volume growth for the company as long-term growth is expected from CGDs and the Fertilizer and Refining sectors. After remaining stagnant at ~70mmscmd for the past five years, domestic gas available for commercial consumption has risen to ~80mmscmd in the past few months. Domestic gas production would get a further boost, primarily from RIL (+12mmscmd) and ONGC (+10mmscmd) in the KG Basin. Phase I of the Mehsana-Bhatinda pipeline has already become cash flow profitable. Phase II is expected to be commissioned by early FY23, following which the total volumes should … [Read more...] about Buy Gujarat State Petronet; target of Rs 391: Motilal Oswal

Share to Twitter Share to Linkedin Fortunes rise and fall in the volatile world of cryptocurrency, but over the last few weeks, they’ve only moved in one direction—down. The total value of all outstanding cryptocurrency tokens is down over 26%, and Bitcoin is down 25% since March 11, when Forbes counted 19 crypto billionaires . Now, just 16 are billionaires, Forbes estimates. For moguls whose net worths are hitched to token prices and publicly traded stocks of crypto firms, it’s been a difficult few weeks. Eleven of the industry’s wealthiest individuals have collectively lost nearly $60 billion, Forbes calculates, as the plunge in crypto erased nearly $400 billion in market value. One person accounted for the vast majority of that loss. Binance CEO Changpeng Zhao (CZ) was the industry’s wealthiest person in March with an eye-popping $65 billion fortune. (Binance previously announced it plans to invest in Forbes through a special purpose … [Read more...] about Crypto’s Richest Lost Nearly $60 Billion In Recent Weeks In Massive Crypto Collapse

Indian markets remained bearish for the the second consecutive week ended May 13 as the benchmark share indices lost nearly 4 percent. Persistent worries over rising inflation, possibility of further rate hikes by global central bank, China lockdown and weakening rupee kept the investors on the edge. During the last week, BSE Sensex declined 2,041.96 points (3.72 percent) to close at 52,793.62, while the Nifty50 shed 629.05 points (3.83 percent) to end at 15,782.20 levels. However, in the month of May Sensex and Nifty have lost more than 7 percent each. During the week gone by, all the sectoral indices were in the red with BSE Metal and Power indices falling 13 percent each. BSE Telecom index shed 6.7 percent and Realty index declined 5.8 percent. In broader market, the BSE Mid-cap index lost 5.6 percent, Small-cap index shed 6.5 percent and Large-cap Index declined 4.4 percent. In absence of any major event, market participants will be closely eyeing the performance of … [Read more...] about Dalal Street Week Ahead | LIC listing, earnings among 10 key factors that will keep traders busy

While the average trend is negative, there are family firms across industries that have performed exceedingly well. (Photo by Mikhail Nilov/Pexels) By SOUGATA RAY, NUPUR PAVAN BANG, NAVNEET BHATNAGAR Concentrated ownership of a firm in the hands of a family presents unique opportunities and challenges that impact its performance. In India, family firms are a dominant force in the economy, contributing significantly to nation-building, the exchequer, creation of jobs and asset creation. Their footprints on the Indian economy are indelible. It is imperative for family firms to perform well, grow profitably, create value and contribute to economic progress if India has to realise its full potential. Researchers have argued that family firms have better monitoring and lower agency costs than non-family firms, have incentives to take long-term views of maximising firm value, and are value-driven organisations. Yet, many of them are found to be plagued by rent-seeking … [Read more...] about Family Firms in India: Performance and Relevance

IHCI report The Indian Council of Medical Research (CMR)’s hypertension control report says at least one in every four Indian adults suffers from hypertension, but only about 10 percent get their blood pressure under control. Experts have identified a sedentary lifestyle, higher beverage and salt intake as well as lack of sufficient sleep because of smartphone addiction as the reasons responsible for the persistent increase in the incidence of hypertension. “It is estimated that at least one in four adults has hypertension in India. Still, only about 10% of them have their blood pressure under control,” the India Hypertension Control Initiative (ICHI) report said. IHCI is a multi-partner initiative of the Union Health Ministry, ICMR, and the World Health Organisation (WHO), launched to achieve the government’s goal of a 25 percent relative reduction in raised blood pressure in 2017. Terming hypertension an epidemic plaguing India, Dr. Samir Kubba, director of Clinical … [Read more...] about One in four Indian adults is hypertensive, experts blame sedentary lifestyle