News Overview

Chinas industrial profits declined in April as lock-downs disrupted production and higher raw material prices squeezed margins, data from the National Bureau of Statistics showed. In April, industrial profits decreased 8.5 percent from the previous year. This was the biggest fall since early 2020. During January to April, industrial profits expanded 3.5 percent, slower than the 8.5 percent increase posted in the first quarter. Data […]

Muthoot Finance tumbled 5.30% to Rs 1077 after the company reported 2.2% fall in consolidated net profit to Rs 997.03 crore on a 2.5% decline in total income to Rs 3041.14 crore in Q4 FY22 over Q4 FY21.

Banco Products (India) Ltd, INEOS Styrolution India Ltd, Antony Waste Handling Cell Ltd and Gallantt Ispat Ltd are among the other gainers in the BSEs B group today, 27 May 2022.

WTI Crude oil futures eased a bit in Asia after approaching near two month high. The commodity extended gains above $110 per barrel this week amid sustained hopes of good demand in the US driving season. Rising US Crude oil imports and tight gasoline inventories are keeping the sentiments well supported. The EIA reported yesterday that US crude oil imports averaged 6.5 million barrels per […]

Healthy performance on profitability likely in the quarter

EBITDA margin at 24%, compares favorably with 19.3% yoy and 21.1 % QoQ, with better-operating efficiencies.

Net external assets owned by governments, companies and individuals in Japan at the end of 2021 increased 15.8 pct from a year before to a record 411,184.1 billion yen, according to the Finance Ministry. The net external assets, or total overseas assets minus external debts, expanded mainly because the value in yen terms of foreign currency-denominated assets swelled owing to the Japanese currencys depreciation. The […]

Of Rs.1.50 per share

The domestic equity barometers traded with decent gains in mid-morning trade. Positive cues from other Asian indices boosted sentiment. The Nifty traded tad above the 16,250 mark. Oil & gas stocks declined across the board. At 11:25 IST, the barometer index, the S&P BSE Sensex, was up 306.46 points or 0.56% to 54,558.99. The Nifty 50 index added 88.85 points or 0.55% to 16,259.00. In […]

Mixed set of results likely from the company