Muthoot Capital’s Profit Rise 94% In March Quarter ☄ Net profit rose 93.5 percent to Rs 21.52 crore (YoY). ☄ Revenue rose 48.6 percent to Rs 118.6 crore …
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.
Europe Shares Rise After U.S. Gains As Focus Returns To Earnings — European shares gain after U.S. stocks rebounded; investors’ focus returning to earnings and the economic outlook, from geopolitical risks.
☄ We have completed NCLT procedure
☄ Have sweetened the bid for Electro steel.
☄ Have hiked offer by Rs 500 crore for Electrosteel Steel to Rs 5,000 crore.
☄ Great pride for Vedanta Group to add value to assets like Electrosteel Steels.
Gold Silver Reports (GSR) – Power Grid Gains On Heavy Volumes — Power Grid Gains On Heavy Volumes – Shares of the state-run central transmission utility of India rose as much as 3.9 percent, most in six months, to Rs 207.1, extending a three-day gaining period. Trading volume of the stock was 11 times the 20-day average. It was the top gainer on the S&P BSE Power Index.
📌 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.
📌 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.