In India, with the 7th largest aluminium reserves, the aluminium industry can be a good support to the ‘Make in India’ concept.
Hindalco MD Debu Bhattacharya says the company is placing hopes on aluminium prices and high premium value added products in the coming months.
The impact of this was also seen on the shares of other social networking services companies — Facebook and Twitter. Their shares have fallen by 9.9% and 12.2%, respectively.
Mumbaibased pharma company Lupin has posted better-than-expected numbers after reporting dismal figures for four successive quarters.
The company’s Indian business remains the main business due to captive iron ore mines, it generates much more operating profit and cash flows than other businesses.
The move is the strongest possible measure to shield steelmakers from the onslaught of cheap imports that has severely affected the industry.
Justdial, an online database listing company that raised Rs 950 crore when it sold shares for the first time in May 2013, is now trading below its listing price.
One direct benefit is that the companies start benefitting from the inventory gains which reflects in the company’s net profit.
Essel’s financials are superior to its peers. Besides, Essel has also shown consistency in its performance over the past few years.
Three key technical indicators — relative strength index (RSI), put-call ratio (PCR), and stochastic oscillator — are indicating that markets are now in an oversold zone.
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