“The stocks mentioned have outperformed in the last year one year and selectively we believe stocks like Abbott, Ipca Labs, Jubilant Food works and Tata Consumer are the potential outperformers as they are being leaders in respective categories of products in their sectors,” Vikas Jain, Senior Research Analyst at Reliance Securities told Moneycontrol. … [Read more...] about These lucky 7 midcaps turned largecaps in the last one year; time to buy?
Revenues in Q1FY21 dropped 9.1 percent on a year-on-year (Y-o-Y) basis to Rs 3,528 crore. The company posted a net profit of Rs 106.9 crore during Q1FY21, a drop of 60 percent on a Y-o-Y basis. The earnings before interest, tax, depreciation and amortization (EBITDA) margins dropped 530 basis points Y-o-Y 14.7 percent to Rs 5,085 crore. … [Read more...] about Lupin first company to shift manufacturing of some drugs from India to US after Trump’s ‘Buy American’ order
Is there more than meets the eye at a private sector lender? The firm has attracted marquee global names in its recent hunt for capital. Before it could say “Let’s party!”, it was met with a raft of senior-level resignations across verticals. Some of these were back to back. Why? What we heard is it all harks back to a high-profile change of guard at the top and a revamp of the bank’s growth strategy. And now, a little birdie tells us that another key official may also be exploring an exit. So, is the employee churn par for the course when other opportunities beckon and the winds change dramatically? Or is the C-suites style and mantra of profitability and expansion too aggressive and hawkish? Hmmm. We shall let it rest here. … [Read more...] about MC Insider: String of exits at private lender, hurting Chinese ownership, deadly COVID secrets in banking and more
“Downbeat US goods trade balance data at -69.7 billion dollars, decrease in personal spending, US-CHINA tensions and worry of federal reserve chairman about the fast recovery of US economy support safe-haven buying in both the precious metals,” Manoj Jain, Director (Head - Commodity & Currency Research) at Prithvi Finmart Pvt Ltd, told Moneycontrol. … [Read more...] about Gold price today: Yellow metal hit a pause; deploy buy on dips for a target of 47,500
A Supreme Court bench comprising of Justices Arun Mishra, S Abdul Nazeer and MR Shah heard the case. However, there is still no clarity on the question of time period to be given to telcos for repayment of their respective AGR dues. While Bharti Airtel and Vodafone Idea had sought 15 years' time for repayment of dues, the government had suggested a time-frame of 20 years. … [Read more...] about AGR Hearing Highlights | SC adjourns hearing on telcos under insolvency to August 14