MCX Aluminium Market Report, April 18, 2018

Neal Bhai Reports (NBR) – MCX Aluminium Market Report – Aluminium on MCX settled up 1.53% at 159.15 gained in late session while prices dropped in the morning session took a breather but was expected to resume its rally as U.S. sanctions disrupt supplies from the world’s No. 2 producer Rusal.

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Gold Demand on Akshaya Tritiya 2018

Gold Demand on Akshaya Tritiya 2018

Gold Silver Reports (GSR) — Gold Demand on Akshaya Tritiya 2018 — First off, “investing in gold is not the same as buying gold for consumption. If you plan to buy gold for your daughter’s wedding or to gift your wife, that shouldn’t be counted as investment. Jewelry has emotional value and people generally don’t wish to sell it except in times of extreme financial distress. In addition, making charges during purchase and breaking charges during sale make jewelry unattractive as a form of investment,”

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DLF Is Said in Talks To Sell Noida, Delhi Assets To GIC Venture

Gold Silver Reports (GSR) – DLF Is Said in Talks To Sell Noida, Delhi Assets To GIC Venture – DLF is said to be in final stages of talks to transfer retail assets in Delhi and Noida to the recently formed venture with Singapore-based GIC Pte, Bloomberg reported, quoting a person with knowledge of the matter.

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Stocks Reacting To Earnings

Stocks Reacting To Earnings

Tata Sponge Iron (Q4, YoY)

✅ Stock rose as much as 2.7 percent to Rs 1,181.45.            

✅ Revenue up 46 percent at Rs 243.5 crore.          

✅ Net profit at Rs 47 crore versus Rs 21 crore.      

✅ Ebitda at Rs 61.5 crore versus Rs 25.5 crore.     

✅ Margin at 25.3 percent versus 15.3 percent.  

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Indian IT Companies Are Ageing, Says Aswath Damodaran

Gold Silver Reports (GSR) – Indian IT Companies Are Ageing, Says Aswath Damodaran – India’s information technology companies need to adapt in order to grow, as they reach a level of maturity in the market, said Aswath Damodaran, professor of finance at the NYU Stern School of Business   

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Indian Hume Pipe Jumps After Order Win

Gold Silver Reports (GSR) – Indian Hume Pipe Jumps After Order Win — Shares of the pipe maker rose as much as 8.9 percent to Rs 368.70, after it bagged a work order worth Rs 108.19 crore from the Gujarat government.

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