Losses in oil & gas, IT and select financial stocks pulled the headline indices lower, though gains in automobile and consumer shares lent support.
The hourly chart shows that the index has reached lower end of the rising channel with a minor breach on the downside,” he said.
And the average length of stay is also coming down, which probably means that the kind of capex that they’re putting in, in bed additions, as well as the asset light model in terms of managing the beds, these dynamics will keep on improving over the next few quarters,” he said.
Again, looking from a PAT perspective, at this juncture, I think Fortis healthcare is something that we like the arguments very, very similar to what I put out,” Joshi added.
The macroeconomic focus is exclusively on growth and wealth creation, the Economic Affairs Secretary said.
BEL’s Dinesh Kumar Batra said an interaction with CNBC-TV18 that the September quarter compensated for the disruptions faced by the company in the previous three months.
JSW Steel, the flagship firm of the diversified US$ 13 billion JSW Group, has been selected for inclusion in the S&P Dow Jones Sustainability Index for Emerging Markets for 2021.
Gold prices were trading marginally up in India on Wednesday, following international trends.
But it would be fair to say, to really look at the value available on the table, do a lot of research on your own, don’t buy into any of the stocks coming out today, just because 100 other people around you are buying into them, because I don’t think that works in the long run.
The Tarsons IPO offers a fresh issue of up to Rs 150 crore and an offer for sale of up to 1,32,00,000 equity shares.
Gautam Duggad of Motilal Oswal Financial Services told CNBC-TV18 that valuations in the paint sector appear to be rich but can buy from the basket for the long term.
Alembic Pharmaceuticals’ JV, Aleor Derma, has received approval of the US drug regulator for Mupirocin Cream, used in the treatment of traumatic skin lesions.
By 11:30 am, Go Fashion’s initial public offer saw total subscription of 90 percent so far on Wednesday, the first day of the bidding process.
Nikhil Kamath, Co-Founder of Zerodha, told CNBC-TV18 a lot of smart money is selling out of new-age companies in favour of retail investors.
Gautam Saraogi, CEO of Go Fashion, told CNBC-TV18 the company is growing at a 30 percent revenue CAGR pre-COVID, and had market share of 4-5 percent until few years ago.
The company has a huge opportunity in terms of growth in ladies bottom wear, and expects its EBITDA to Grow with expansion in exclusive brand outlets.