Indian equity market looks fragile at this juncture as global and domestic headwinds have eroded investors' risk appetite.At first glance, it appears that the trend of 'sell-on-rise’ is dominant as every one or two sessions of gain in the market is succeeded by a fresh wave of selling.While the worries over the US-China trade war remain, deteriorating domestic microeconomic health, plunging auto sales—a major indicator of the country's economic health—and the budget proposal of tax surcharge on super-rich have shaken India's position as an attractive market.Close "Markets mostly have been a one-way street since the presentation of Union Budget on July 5 when the government proposed to increase tax on foreign portfolio investors (FPIs) up to 42 percent," said Standard Chartered (India). related news 'India's long-term outlook is good; invest in these 5 stocks for double-digit returns' In Focus with Udayan Mukherjee | Can the stock market rally despite … [Read more...] about These 9 mid & smallcap stocks look attractive in a fragile market; do you own any?
Nys quarterly sales tax
Dixon Technologies share prices gained 9 percent intraday on November 14 after healthy earnings growth in Q2FY20 and strong management commentary.The stock touched a fresh 52-week high of Rs 3,276 on the BSE. It rallied more than 60 percent in last three months amid consistent earnings growth and was quoting at Rs 3,229.80, up Rs 230.35, or 7.68 percent at 1058 hours IST."We will surpass our earlier guidance of 40 percent revenue growth for FY20. In fact, we are looking at 50 percent revenue growth for FY20," Saurabh Gupta, Chief Financial Officer told CNBC-TV18.Close He said the company has been adding customers across all the segments. "Additional capacity and exports will drive lighting business. Cash conversion cycle is zero days currently," it added. related news Aurobindo Pharma share price hits over 5-yr low on USFDA observations Brokerages remain bullish, Cadila Healthcare share price up 3% The lighting products, LED TVs and semi-automatic washing machines … [Read more...] about Dixon Tech share price jumps 9% after Q2 earnings, to surpass 40% FY20 revenue growth guidance
Sharekhan's research report on Zydus WellnessPost the acquisition of Heinz portfolio, Q1 and Q4 are the best quarters for Zydus Wellness (ZWL) due to higher sales of Glucon D and Nycil during these quarters; seasonality is spread in the ratio of 70:30 between Q1/Q4 and Q2/Q3 of any fiscal for Heinz portfolio. After consolidation of Heinz portfolio, revenue growth was muted at 3.6% on like-to-like basis due to lower sales of by-products such as ghee and trading of milk; excluding by-products, revenue grew by ~9% led by steady performance of some key brands. Profitability was affected due to a change in revenue mix (lesser contribution from high margin products) and higher input prices (including milk).OutlookWe have reduced our earnings estimates for FY2020 and FY2021 to factor in seasonality in business and maintain our Hold rating with a revised PT of Rs. 1,610.For all recommendations report, click hereDisclaimer: The views and investment tips expressed by investment … [Read more...] about Hold Zydus Wellness target of Rs 1610: Sharekhan
Indian benchmark indices Sensex and Nifty ended marginally higher on August 16 as intraday gains registered by ITC, Axis Bank and Maruti Suzuki were largely offset by losses in Tata Consultancy Services, Reliance Industries and HDFC shares.The market remained choppy throughout the session as sentiment remained fragile on lingering concerns over a slowdown in the economy, lacklustre June quarter earnings and weak global sentiment in the light of US-China trade war.Close Experts opined that the upward movement in the near future will remain capped due to weak consumer demand and uninspiring earnings. related news Market Live: Sensex, Nifty erase gains following inflation data; Airtel, IndusInd Bank top drags Hot Stocks: Nifty50 may have made a short-term top near 12,000 levels Early on D-Street | Nifty vulnerable for more downsides unless it closes above 11,950 “Consumer demand has continued to weaken in recent months. The earnings season was not … [Read more...] about An evening walk down D-St: Sensex, Nifty end marginally higher; Yes Bank jumps 4%
Volvo recently made special arrangements for the Swedish Ambassador in India when it gave Klas Molin a S90 T8 Plug-In Hybrid sedan to commute. Though the luxury sedan has not officially been launched in the country, its presence could indicate an upcoming launch in the future.The company had launched the fully electric XC40 SUV last month in India and also confirmed that it will aim at converting half of its entire lineup to fully electric cars, while the other half would be hybrid vehicles.The S90 Hybrid makes use of a 2-litre inline-four-cylinder petrol engine. It is the same as the one used in the international markets, but the T8 trim adds a supercharger to the motor. It also gets an electric motor which makes additional 88 PS of maximum power. This gives the sedan a combined power output of 406 PS while peak torque stands at 640 Nm. The S90 Hybrid can accelerate from 0-100 km/h in 4.8 seconds with a fully electric range of 34 km.Close As per the company’s press release … [Read more...] about All you need to know about Volvo S90 Hybrid