Top breakout stocks review

- 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

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

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

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 When the world gathered in Glasgow, Scotland for the COP26 UN climate convention, the conversation had not yet added “war in Europe” to the dual challenges of sustainability and biodiversity. Now, eight months later, in the Ukrainian port of Odesa, European Union Council President Charles Michel has described Ukrainian silos “full of grain, wheat and corn ready for export” locked in place by Russia’s wartime blockade of Black Sea ports. Independent data cruncher World Population Review estimates Russia and Ukraine together account for 30% of the global wheat trade. Today, global grain supplies are facing the one-two punch of not only climate disruption but also wartime supply shortages. The food you eat, the food that your food consumes, and perhaps some of your favorite libations are all affected as Russia’s invasion of Ukraine moves into a third month. In a world that has changed everyone and everything, the … [Read more...] about From Odesa To Your Dinner And Dram: How The War Over Fossil And Caloric Energy Supplies Is Shaping The 21st Century

The research firm ICICI Securities believes earnings of apparel brands and retail companies under their coverage may surprise positively from Q3FY22E as the likely demand recovery may result in better than expected margin performance. Some of the costs savings achieved during pandemic may sustain and coupled with high operating leverage may lead to higher than pre-covid margins from Q3FY22E.  Stocks like Trent, V-Mart and Aditya Birla Fashion and Retail are the preferred picks backed by their strong and consistent track record of execution. Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Anand Rathi's research report on Firstsource Solutions FSOL was faced with challenges in mortgages (22% of revenue) with 30-40% declines expected ahead. Management expects stabilisation here by H2 FY23. In the other divisions (78% of revenue), … [Read more...] about Buy Firstsource Solutions; target of Rs 145: Anand Rathi

(CNN) TikTok posts about actor Johnny Depp's defamation trial against his ex-wife, actress Amber Heard, have turned a stay-at-home mom based in Scotland into an accidental influencer. Or, perhaps more aptly, a DeppTok influencer. Sophie Doggett, whose TikTok was previously populated by videos on everyday things such as herself or her pets, posted to her TikTok account on April 25 a clip of Heard's lawyer asking a question of a witness and then immediately objecting to the response. It is one of many moments in the trial that has been seized upon by people like Doggett, as clips of testimony and references to the case have pervaded TikTok in a way that no trial has before. That's partly because the proceeding, set to resume Monday, is being livestreamed during the age of TikTok, and also because of the high-profile celebrities the case involves. Doggett, who paired the clip to playful music, said she gained 30,000 followers seemingly overnight from the post which has, to date, … [Read more...] about Dissection by TikTok: Johnny Depp, Amber Heard trial posts are making accidental influencers out of some, targets out of others

Representative image After closing at an all-time low against the US dollar on Thursday, the rupee recovered some lost ground to trade at 77.31 against the US dollar in morning trade on Friday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the rupee opened at 77.35 against the American dollar, then gained further ground to quote at 77.31, registering a rise of 19 paise from the last close. On Thursday, the rupee plunged 25 paise to close at its lifetime low of 77.50 against the US currency. Forex traders said the Indian Rupee could see range-bound trade against the US dollar as broad dollar strength could offset losses from a rate hike by the Indian central bank next month due to rising domestic inflation. India's headline inflation galloped for a seventh straight month to touch an 8-year high of 7.79 per cent in April on rising food and fuel prices, raising the odds of an interest rate hike by the RBI early next month to … [Read more...] about Indian rupee rebounds from all-time low; rises 19 paise to 77.31/USD

Representative image ICICI Direct's currency report on EURINR Euro depreciated by 1.27% yesterday amid strong dollar and risk aversion in the global markets. Further, euro slipped on concern about lingering stagflation environment of slow growth and high prices. On top of its Russia unveiled a set of sanctions on energy companies operating on the continent threating supply • Euro is expected to trade with negative bias on the back of strong dollar, expectation of disappointing economic data from euro area and gloomy global market sentiments. Market sentiments are hurt on worries over repercussion of ongoing war in Ukraine and strict lock down in China. Further, market fears that major central banks efforts to bring inflation under control will hamper economic growth. Additionally, ECB is likely to raise interest rates gradually not at the same pace as US Fed. EURINR (May) is expected to trade in a range of 80.45-80.90. Intra-day strategy EURINR May futures … [Read more...] about Sell EURINR; target of : 80.45 : ICICI Direct

Representative image Snapping its two-day winning streak, the rupee slumped by 15 paise to end at 77.40 (provisional) against the US dollar on Thursday, following risk-off sentiments amid increasing concerns over inflation globally. Weak domestic equities, surging US dollar in overseas markets and persistent foreign fund outflows also weighed on the rupee which plunged to its all-time intra-day low of 77.63 against the US dollar, forex traders said. Weak domestic equities, surging US dollar in overseas markets and persistent foreign fund outflows also weighed on the rupee which plunged to its all-time intra-day low of 77.63 against the US dollar, forex traders said. At the interbank forex market, the rupee opened steeply lower at 77.52 against the greenback and moved in a range of 77.36 to 77.63 in the day trade. The rupee finally ended at 77.40, down by 15 paise over its previous close. The rupee had settled at 77.25 against the US dollar on Wednesday. On May 9, the … [Read more...] about Rupee recovers from all-time low, settles 15 paise lower at 77.40 against US dollar