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Ahead of Q1 results, Tata Steel rallies on rare double ratings upgrade
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Zomato Stock Performance Excites Analysts, But Can It Overcome Impending Risks?
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Improved coal base generation adding to optimism on Coal India
With the rally in commodity stocks, Coal India Ltd, the country’s largest coal producer and supplier, too, is seeing stock prices rebound. Adding to its gains of more than 7% on Monday, the stock saw intraday gains of about 5% in morning trades on Tuesday. Strong demand and rising realizations for commodities such as steel, aluminium, cement and others bode well for coal demand and realizations. Rebound in demand from the power sector, though, provides the silver lining. Power demand remains crucial for Coal India’s volumes as the majority of supplies under fuel supply agreement (FSA) are directed towards thermal power plants in the country. It was the reduced inventory and lower plant load factor (PLF) of power plants that had meant a weak volume outlook for Coal India.
ABB India s rising valuations defy slow order intake
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Godrej Consumer’s Q3 results aren’t exciting enough for investors
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Godrej Consumer Products Ltd’s (GCPL) earnings for the December quarter are just about in line with Street estimates. Consolidated reported net profit stood at ₹502 crore, similar to what a Bloomberg poll had estimated.
The company’s total operating revenues increased by 10% year-on-year to ₹3,055 crore. This is also the second consecutive double-digit revenue growth for GCPL. Even so, its performance in Indonesia has been soft in Q3 and that’s a disappointment, said analysts. Revenues from Indonesia were flat y-o-y and declined by 2% in constant currency terms. The performance there was impacted by adverse macroeconomic factors; gradual recovery in air fresheners (discretionary category) and higher competitive intensity in wet wipes.