In a program titled Escorts Covid Kavach , Escorts in association with an insurance partner, will extend Covid aid of up to Rs 1,50,000 in case of Covid-19 related hospitalization and up to Rs 15,000 to cover home treatment expenses. The
In a program titled Escorts Covid Kavach , Escorts in association with an insurance partner, will extend Covid aid of up to Rs 1,50,000 in case of Covid-19 related hospitalization and up to Rs 15,000 to cover home treatment expenses. The
Q1 of this fiscal is expected to be challenging due to Covid second wave
Agri equipment maker Escorts says its capex plans to ramp up tractor capacity and other programmes are intact as the company sees positive growth outlook for FY22 amid the impact of second wave on tractor demand.
The company, which will be celebrating its Platinum Jubilee this year, says macroeconomic factors (under-penetration of farm mechanisation, expectation of normal monsoon, continued government focus on boosting rural incomes) are extremely positive and will augur well for the tractor industry.
Escorts admitted that Q1 will be challenging for the industry after ending FY21 with record volumes. The second wave of the pandemic has proved to be dampener so far and this time has also affected the rural heartland. Sales and manufacturing have been disrupted due to the lockdown. About 70 per cent of Escorts’ dealers are closed. Overall, the second wave is seen clouding the demand environment over the shor
Covid hit in the hinterland threatens to spoil it for Jhunjhunwala’s top agri bet
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If good monsoon predictions could have added buoyancy to the stocks linked to the rural sector and agriculture, Covid 2.0 is playing spoiler.
ETMarkets.com
Ace investor Rakesh Jhunjhunwala held 6,400,000 shares, or 4.8%, stake in the company as of March end.
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NEW DELHI: The second wave of Covid-19 pandemic is hitting India’s hinterland very hard, not something seen during the first wave.
That has altered the equations for Dalal Street.
So, if good monsoon predictions could have added buoyancy to the stocks linked to the rural sector and agriculture, Covid 2.0 is playing spoiler.
: Monday, May 17, 2021, 12:47 AM IST
Stocks to watch today: L&T, SKF India, Camlin Fine Sciences, Cipla, Aditya Birla Capital, Bata India, Escorts, Thyrocare, Shriram City Union, Hero MotoCorp among others
Stocks to watch today: L&T, SKF India, Camlin Fine Sciences, Cipla, Aditya Birla Capital, Bata India, Escorts, Thyrocare, Shriram City Union, Hero MotoCorp among others
Some companies happened to perform well despite COVID-19 and subsequent lockdown. So, those companies can be of investors interest.
Here is the list of stocks for Monday:
Camlin Fine Sciences: Mumbai-based Camlin Fine Sciences has acquired Tamil Nadu-based AlgalR NutraPharms, the listed company informed the exchange. Through this investment, Camlin Fine Sciences will be expanding its footprint into the nutraceuticals segment.