Pirojshaw Sarkari, CEO At Mahindra Logistics Stock

Pirojshaw Sarkari, CEO At Mahindra Logistics – Key highlights form the conversation:

✅ There is no one off incidence.

✅ Margin will continue to expand.

✅ Increase in value added services business to aid margins.

✅ Improved warehousing, distribution business post gst will help margin expansion.          

Read More →

HCC Stock Headed For Record Drop As Unit Defaults

Gold Silver Reports (GSR) – HCC Headed For Record Drop As Unit Defaults – Shares of the Mumbai-based infrastructure construction firm fell as much as 24.2 percent and is headed for steepest single-day loss since Jan. 1991 listing after unit. The company’s unit, Lavasa Corporation Ltd., is considering a resolution plan for its outstanding debt and is in the process of restructuring bonds after a payment default.

Read More →

Vedanta Stock Declines Ahead Of Quarterly Results Announcement; Xiaomi Files in Hong Kong for World’s Biggest IPO Since 2014

Gold Silver Reports (GSR) – Vedanta Declines Ahead Of Quarterly Results Announcement – Shares of the base metal producer extended declines for the second day and fell as much as 2.1 percent to Rs 277.35, ahead of its March quarter results announcement. Analysts surveyed by Bloomberg predict the company’s net profit to decline 13.7 percent on a yearly basis to Rs 2,579 crore.

Read More →

Stocks in Asia Retreat After Fed

Gold Silver Reports (GSR) – Stocks in Asia Retreat After Fed — Asian stocks tracked U.S. shares lower after the Federal Reserve said inflation is close to its target, without indicating any need to waver from its path of gradually tightening monetary policy. The dollar declined.

Read More →

Sical Logistics Stock Gains After WInning New Contract

Gold Silver Reports (GSR) – Sical Logistics Stock Gains After WInning New Contract – Shares of the Chennai-based logistics services firm rose as much as 6.6 percent to Rs 224. The company was awarded a letter of acceptance by Northern Coalfields for mechanical excavations for a contract price of Rs 1,345 crores for excavation of 145 million bank cubic metre over a period of 51 months, according to its stock exchange notification.

Read More →

Biocon Stock Declines After FDA Issues Form 483

Gold Silver Reports (GSR) – Biocon Stock Declines After FDA Issues Form 483 – Shares of the Bengaluru-based pharma company fell as much as 4.5 percent, most in almost two months, to Rs 634.3. The U.S. drug regulator issued form 483 with seven observations after completing pre-approval inspection of the company’s sterile drug product manufacturing facility at Bengaluru this week, according to the company’s exchange filing. Observations are largely procedural and not critical, aiming at continuous improvement, it added.

Read More →