Biggest beneficiaries of IPO boom -- venture capital funds, private equity players businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
“The effect of BS-VI, with respect to value addition, is yet to reflect in revenues and we expect this to be seen in the next two years. This will lead to an increase in realizations due to additional content of 25-40 per cent. In the case of exports, we believe that due to reduction in investments by European and North American foundries and China’s rise in labour costs should benefit India, and in turn Craftsman from likely outsourcing of foundry and machine operations, LKP Securities said.
A total of 53 per cent of the South India-based firm s revenues come from critical powertrain components; aluminum products account for 21 per cent revenues.
Craftsman Automation slips after Q1 PAT drops 49% QoQ business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
As inflation debate rekindled in the US after the consumer prices rose by the most in 13 years, questioning the sustenance of the US Federal Reserve s loose monetary policy, markets globally slipped. This also set stage for a weak India opening, with SGX Nifty trading 40 points lower at 15,794 around 7.30 am. The S&P 500 and Nasdaq ended lower in overnight trade after hitting record highs earlier in the session. Overall, the Dow Jones Industrial Average fell 0.31 per cent, the S&P 500 lost 0.35 per cent and the Nasdaq Composite dropped 0.38 per cent. Asian markets traded mixed with Japan’s Topix index down 0.1% and South Korea’s Kospi 0.4%. Australia’s S&P/ASX 200 Index, meanwhile, rose 0.2%.
Here are the top stocks to track in today s session:
Results Today: Infosys, 5paisa Capital, Craftsman Automation, Dodla Dairy, L&T Technology Services and Hatsun Agro Product are among 19 companies that are slated to post their quarterly earnings today. Most analysts are penciling in a 27-30 per cent year-on-year (YoY) rise in Infosys Q1 profit while the revenue growth is seen between 16-17 per cent. That apart, expectations are ripe that the company may hike its FY22 revenue guidance to 13-15 per cent versus 12-14 per cent earlier.
Adani Enterprises: The company s subsidiary Adani Airport Holdings has taken over the management control of Mumbai International Airport (MIAL) from the GVK Group. This follows approvals received from the Government of India, the City and Industrial Development Corporation (CIDCO) of Maharashtra, and the Government of Maharashtra.