Page 21 - Rossari Biotech News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Rossari to acquire Tristar Intermediates at enterprise value of Rs 120 cr
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Global Specialty Chemicals Markets Outlook and Forecast 2021-2026: Focus on Rheology Modifier, Specialty, Demulsifier, Adhesives and Sealants, Pigments, Water-Soluble Polymers, Coatings
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Here are the top stocks to track in today s session:
Earnings Today: A total of 22 companies, including Wipro, Angel Broking, Tata Elxsi, L&T Infotech and Cyient are slated to post their quarterly numbers today. Analysts believe Wipro s net profit could jump 14-19 per cent YoY in Q1FY22 on 17-19 per cent growth in topline. A contraction in EBIT (earnings before interest and tax) margins sequentially is a given, which in turn would drive PAT sequentially, they said.
Infosys: The IT major may have missed Street’s net profit expectations for the quarter ended June 2021, but raised its revenue growth guidance for FY22 to 14-16 per cent from an earlier estimate of 12-14 per cent. Infosys, meanwhile, reported a consolidated net profit of Rs 5,195 crore, up 22.7 per cent year-on-year (YoY) and 2.3 per cent sequentially.
Benchmark indices could be in for a volatile day today amid mixed global cues, quarterly earnings and weekly derivatives expiry. Investors would likely react to Infosys Q1 numbers in early trade while keeping a close watch on results by other IT major Wipro. Fed Chairman Jerome Powell s comments that more US economic progress is needed before stimulus can be dialled back could lend support to sentiment. At 7.30 am, SGX Nifty was trading15 points higher at 15,879. In the overnight session, US stocks ended mixed, with S&P 500 briefly hitting an intra-day record in a choppy session. Overall, the Dow Jones Industrial Average rose 0.13 per cent while the S&P 500 gained 0.12 per cent and the Nasdaq Composite dropped 0.22 per cent.
The global specialty chemicals market by revenue is
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