ICICI Bank Erases Gains After A Block Deal

Gold Silver Reports (GSR) – ICICI Bank Erases Gains After A Block Deal – Shares of the private sector lender early gains and fell as much 0.8 percent to Rs 289.55. About 20 lakh shares changed hands in a block deal, Bloomberg data showed. Buyers and sellers were not known immediately.                    

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Tractor Makers Rally After IMD Predicts Normal Monsoon

Gold Silver Reports (GSR) – Tractor Makers Rally After IMD Predicts Normal Monsoon — Shares of the tractor makers rallied today after IMD forecast stated that India’s monsoon rains, that water half of the country’s cultivated land, are expected to be normal for the third straight year.                                              

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Rakesh Singh, President At India Cements

Rakesh Singh, President At India Cements

📌 Seeing around 37 percent growth from states like Telangana, Andhra Pradesh

📌 Tamil Nadu contributed least due to sand mining issues.

📌 Clocked around 4 percent growth last year

📌 Affordable housing, upcoming elections aiding to growth from Karnataka.               

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Gopal Mahadevan, Chief Financial Officer At Ashok Leyland

Gopal Mahadevan, Chief Financial Officer At Ashok Leyland

📌 Expect momentum for CV demand to continue moving ahead.

📌 Higher Infra spending, road construction and decline in truck overloading aiding demand.

📌 Oil and Gas, Logistics and FMCG sector are driving demand for trucks.                          

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