Tata Motors, India's fourth largest car maker, will slash capital expenditure (capex) by 10 percent to Rs 4,500 crore this year at the stand-alone level, even though it needs to invest for its transition to BS-VI norms next year.The reduction in capex for Tata Motors follows a similar reduction for Jaguar Land Rover earlier in the year. From 4 billion pounds for FY20, the capex earmarked for JLR now stands revised at 3.8 billion pounds.Speaking to analysts PB Balaji, chief financial officer, Tata Motors, said: "We will be (re)calibrating our total capex this year to close about Rs 4,500 crores compared to the Rs 5,000 crore that we had originally planned."Close Tata Motors has lined up a few new model launches that have to be commercially introduced before the end of the financial year. These include a fully electric Nexon, Altroz premium hatchback and the seven-seater version of the Harrier. related news Google Maps now allows users to edit their public profile via the app … [Read more...] about Tata Motors to reduce stand-alone capex by 10% to Rs 4,500 crore
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Successful traders are like race drivers. They know how to manoeuvre their way at high speeds. What makes them different is that they know what lies under the hood of the vehicle they are driving and how to correct it if there is a breakdown.The charts and indicators that they use are well-researched to the point where they become second nature and muscle memory. They do not need to think before they react; the reaction comes automatically.If you are a scalper who holds a position for a few seconds to a maximum of a few minutes, your reaction has to be automatic. There is no time to think, all the thinking has to be before and after market hours.Close Sivakumar Jayachandran (@justsiva123) trades on the high-speed race track. A scalper 90 percent of whose trades are held for less than two minutes, Siva as he is called by fellow traders was another trader who proved his mettle at the this year’s Investor Carnival held in Goa. Trading on expiry day along with veteran traders, … [Read more...] about Sivakumar Jayachandran: Journey of a BPO employee to a star trader
Many investors would be surprised to see the erosion in their portfolios despite the Sensex and Nifty not being too far from their lifetime highs. The big indices have retreated just 5-6 percent from their peaks, but the price damage in mid and small cap shares has been severe.Here are some data points that describe the carnage in the market on Tuesday, June 6th. During the day, trading in 381 stocks on the BSE was frozen after there were only sellers in those stocks. Nearly 700 stocks, or one in every four stocks are trading within 5 percent of their 52-week lows. Sector indices that are close to their lows are power, telecom, infrastructure, utilities, healthcare and public sector undertaking.There are various reasons why many these stocks are being hammered. In many cases, weak fundamentals are to blame. But market players say the recent policies and regulations by the government and market regulator SEBI are aggravating the situation.Close The introduction of long-term capital … [Read more...] about Market is haemorrhaging, but Sensex & Nifty seem to suggest rude health
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Reported Consolidated quarterly numbers for Alembic are:Net Sales at Rs 23.65 crore in September 2019 down 29.53% from Rs. 33.56 crore in September 2018.Quarterly Net Profit at Rs. 108.88 crore in September 2019 up 23.21% from Rs. 88.37 crore in September 2018.Close EBITDA stands at Rs. 35.23 crore in September 2019 up 15.24% from Rs. 30.57 crore in September 2018.Alembic EPS has increased to Rs. 4.24 in September 2019 from Rs. 0.00 in September 2018.Alembic shares closed at 49.95 on November 08, 2019 (NSE) and has given 22.88% returns over the last 6 months and 14.96% over the last 12 months.AlembicConsolidated Quarterly Resultsin Rs. Cr.Sep'19Jun'19Sep'18Net Sales/Income from operations23.6526.0333.56Other Operating Income------Total Income From Operations23.6526.0333.56EXPENDITUREConsumption of Raw Materials14.885.8518.06Purchase of Traded Goods------Increase/Decrease in Stocks-3.038.73-5.96Power & Fuel------Employees Cost4.625.456.62Depreciation0.710.690.57Excise … [Read more...] about Alembic Consolidated September 2019 Net Sales at Rs 23.65 crore, down 29.53% Y-o-Y