"Although there are hopes of factories resuming production, the 10 percent production cut by Hero MotoCorp shows the way things can turn in event of delay in recovery as Indian manufacturing industries will exhaust raw material inventory by middle of March," said Prabhudas Lilladher which expected a shortage of goods and a sharp increase in prices, which has the potential to impact the growth rates in Q1FY21. … [Read more...] about Q3 earnings show weak topline performance; brokerages pick these 14 midcap ideas
The Big Bull Rakesh Jhunjhunwala has also been consistently reducing stake in Titan in the past two quarters. Jhunjhunwala reduced his cumulative holding in the company from 7.12 percent in September 2018 to 7.08 percent in December 2018. He furthur reduced the stake to 7.04 percent in the quarter ended March 2019, according to shareholding data. … [Read more...] about Titan investors lose 17k cr in four sessions as three global brokerages downgrade stock
SUSTAINABILITY STARTS AT HOME Lenovo’s commitment to sustainability extends even to its physical plants. Thanks to solar panels on its buildings in North Carolina and China, the company currently generates six megawatts of sustainable energy, a number it hopes to grow to 30 in the near future. Their North American headquarters is also expanding its recycling program and offers free charging for electric vehicles. … [Read more...] about What the world’s largest computer company is doing to help combat climate change
Air France KLM SA warned on February 20 of a 150 million to 200 million euro ($162 million to $216 million) hit to earnings by April as it contends with the coronavirus epidemic's "brutal" impact on the airline industry.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Asian airlines could lose $27.8 billion revenue from coronavirus, says IATA
"The stock price doesn’t fully justify the fundamentals of the company. As it is only from September 2019 that Indian Railways decided to restore service charges by levying a service charge of Rs 15 per Non-AC ticket and Rs 30 for AC tickets, which were withdrawn three years ago. This added to the exorbitant growth in the top line of the company this quarter. Now with this high base, it would be difficult to meet up the current growth rate in the following quarters. Hence, a correction is expected in IRCTC going ahead," Shah added.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about IRCTC rallies 500% since listing; is the end of the road near?