GUJARAT STATE FERTILIZER CHEMICALS LTD Q1 RESULTS
Fertilizer stocks plummet up to 9% as GST Council refers exemption recommendation to GoM
Fertilizer stocks like Fertilizers & Chemicals Travancore, GNFC, GSFC, Madras Fertilizers fell up to 9% as the GST council referred a recommendation on exempting the sector from 5% GST to Group of Ministers for rate rationalisation.
Defence and fertilizer stocks decline up to 8% amid profit booking
In the recent few trading sessions, both sectors witnessed a rally as the defence sector was backed by factors like new order wins, positive growth outlook and stability of the PM Narendra Modi-led NDA government.
Skepticism on the Street is sometimes a good sign for long-term investors: 7 fertilizer stocks from different segments of the industry
There cannot and should not be any doubt that in the next five years, there are certain industries which are important from the perspective of increasing incomes in rural areas and are likely to get more attention from the government. Fertilizer companies are among the sectors which are on the list. The idea is to reduce the cost of production for farmers. Now, since yesterday there has been talks about removing GST on fertilizer, whether it be across the board or not has to be seen but surely there is a high probability of something positive happening in the sector. Now GST is just one part of it. If one looks at what has happened in the last few years, clearly a good amount of work has been done.
Fertiliser stocks jump up to 9% amid hopes of exemption in upcoming GST Council meeting
Fertiliser stocks surged by up to 9% on Wednesday following reports of anticipated relief for the sector through Goods and Services Tax (GST) rate rationalization, expected to be discussed at the GST Council meeting scheduled for June 22, Saturday.
Q4 results: Stable costs boost India Inc. profits
Steady costs and firm domestic demand supported corporate performance in the March quarter.
Volatility ahead, time to look at boring utility stocks? 4 stocks from the natural gas sector with an upside potential of upto 26%
Gas stocks have been underperforming the market for a while. Several factors contribute to this, including stagnant volume growth, companies struggling to expand into new areas, and the latest challenge from electric vehicles (EVs). An announcement about aggressively promoting EVs in Delhi bought additional pressure on stocks like IGL. While EVs are expected to dominate in the future, does this spell the end for gas companies? Probably not. There are still many other uses for gas, and the negative narrative might be overstated. Additionally, these companies have strong cash reserves and cash flows from their existing businesses, which they can use to explore new opportunities within the EV ecosystem. Also at time when volatile market conditions, these stocks tend to weather the storm better.
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Not so well known stakeholders of EV ecosystem: 8 stocks that don't come instinctively, 3 with an upside potential of more than 18%
We also have a whole list, but we have separated the eight companies, just because these companies are not the names which one would instinctively think about and probably they may have more to go as they form this index.
Rooftop solar installations fall 26% to 367 MW in January-March: Report
India added 367 MW of rooftop solar in the March quarter. Installations fell nearly 10 per cent quarter-over-quarter from 406 MW and dropped over 24 per cent year-on-year from 485 MW, the report titled 'Q1 India Rooftop Solar Market' said.
Will finally all the hard work yield results in Modi 3.0? 7 fertilizer stocks with 4 having ‘buy’ reco and upside upside potential of up to 22%
Few months back when it was announced that the fertilizer subsidy bill was seen as lower than expected, the street reacted negatively. The assumption is that if the fertilizer subsidy is going to come down then it is bad for the sector. Now there is another way to look at it, a government which has been ensuring that agriculture gets the right amount of attention and doing the various policy pushes, then why is the overall projected subsidy bill down? Probably, it may be because the government is expecting that policy actions which it has taken over the years will yield results and some of the other non-financial efforts which it will take in the sector will help reduce the bill without having an adverse effect on any stakeholders. Now unlike other sectors like railways where putting more money or making few policy changes has helped the sector, fertilizer is a more complex sector and is bound to take more time for getting the house in order. But then who says that transition for good is painless.
In a growing economy, new defensive sectors tend to emerge: 5 tiles and ceramic and home makers stocks with upside potential of up to 41%
Many times the word, defensive stocks is used on the street. Most of the time it is FMCG, pharma and others which are referred to as defensive stocks. The reason being that the demand for these companies is steady and is not impacted much even when there is any slowdown in an economy. The question is in an economy which is growing faster and new areas of consumption are coming up every second day, where the demand from being seasonal and cyclical has reached a stage where in all economic conditions it stays above single digit, shouldn't those also be considered as defensive and valued accordingly. Probably the Indian economy has reached a stage where the demand for tiles, ceramic and home building products, ex-cement has reached a level where in worst cases it will not go below a point.
Q4 results today: LIC, NMDC among 236 companies to announce earnings on Monday
236 companies, including LIC and NMDC, to announce Q4 results. LIC reported a 49% rise in Q3 earnings, while NMDC saw a 62% increase in consolidated net profit.
Q4 results this week: Tata Steel, LIC, IRCTC, Apollo Hospitals Enterprise, and Bharat Dynamics
Several companies, including Tata Steel, LIC, and IRCTC, will release their March quarter report cards this week.
ITC share price targets go well beyond Rs 500 after Q4 results. Should you buy, sell or hold?
ITC's Q4 results disappoint investors, shares drop nearly 1% to Rs 437.85. Brokerages raise target prices up to Rs 540. Citi sets target at Rs 515, warns of regulatory impact. Morgan Stanley targets Rs 506, CLSA at Rs 470. Motilal Oswal sees defensive potential, Kotak trims EPS, targets Rs 465. JM Financial holds highest target of Rs 540, emphasizes on cigarette volume growth and capital allocation strategy for rerating.
Q4 results this week: ITC, ONGC, Sun Pharma, Nykaa, Ircon International and IRFC
ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi's lab will be releasing their March quarter report cards this week.
Ready for re-rating in Modi 3.0? 7 fertilizer stocks with four having “buy” reco and upside potential of up to 47%
Sometimes, what might appear to be negative development might actually be a sign that the worst is behind the sector. Fertilizer as a sector, both in the business and valuation side has been under performer. The fact is that in the last nine, the government has been making changes in policies which brings this sector out of the clutches of high government subsidy and other age old issues plaguing the sector. Now unlike other sectors like railways where putting more money or making few policy changes has helped the sector, fertilizer is a more complex sector and is bound to take more time for getting the house in order. A balance has to be maintained so that while the operating matrix of the industry improves but at the same time, neither the supply should get disrupted, nor the prices of fertilizer should see a jump to the farmer. What needs to be watched is when companies show the impact of all that has been going on in the sector, sooner or a bit later. To be fair, everything has not been a smooth ride for these companies. But then who says that transition for good is painless.
Which companies can benefit from US-China spat? Rohan Gupta answers
Rohan Gupta from Nuvama Institutional Equities discusses the recovery in the agrochemical sector, specialty chemical players' performance, and the impact of the China factor on the market. Gupta says that the companies which are completely dependent on agrochemicals globally, may still see some weakness, like UPL or even Anupam Rasayan.
SRF Q4 Results: Firm posts fifth straight drop in quarterly profit
SRF Q4 Results: Indian chemicals and polymers maker SRF posted a drop in profit for the fifth quarter in a row on Tuesday, hurt by sustained weak demand in its mainstay chemicals business.
Q4 results this week: SBI, Tata Motors, L&T, Asian Paints, TVS Motor and PB Fintech
Various widely tracked companies like Tata Motors, SBI, Asian Paints, BPCL, Larsen & Toubro, Tata Power, Canara Bank, TVS Motor, Hero MotoCorp, Godrej Consumer Products, JSW Energy, Dr. Reddy's Laboratories, PB Fintech, and Bank of Baroda will be releasing their March quarter report cards this week. Here’s a list:
SAIL, IRFC among 46 stocks with double digit returns this week. SPARC, 82 others deliver negative returns
Notwithstanding high volatility over the week, the BSE 500 index outperformed the headline BSE S&P Sensex with the latter gaining 0.90% (642 points) on a weekly basis.
GTPL Hathway Q4 Results: Company back in black with Rs 16-crore net profit
GTPL Hathway reported a consolidated net profit of Rs 16 crore for the quarter ending March 31, compared to a net loss of Rs 11 crore in the same quarter of the previous fiscal.
Q4 results preview: 29 companies likely to report doubling of profit
29 companies expected to double profits in Q4FY24 across various sectors like BFSI, Auto, Healthcare. Notable companies include Adani Ports, KEC International, Birla Corporation, JK Cements, United Breweries, Gland Pharma, Quess Corp Ltd, Signature Global, NMDC.
Stocks to buy: 5 companies poised for growth in March quarter: Up to 17.2% upside potential
Given the potential for increased volatility in the upcoming months, investing in companies anticipated to deliver strong performance could be a prudent strategy. These firms are expected to deliver a strong performance and offer a cushion against rising volatility. The following are five such companies offering a double-digit price potential.
Stock Radar: GSFC shows signs of trend reversal after falling 30% from highs
The fertiliser stock hit a record high of Rs 322 on January 23 but failed to hold the momentum. It closed at Rs 213 on April 1, which translates into a downside of about 30%. After undergoing a steep correction in a matter of months, the stock picked up momentum in the last 5 trading sessions.
Union Budget 2024: Fertilizer stocks in focus. Here's what FM said
Finance Minister Niramala Sitharaman announced the expansion of Nano DAP application on various crops in all agro-climatic zones. This is part of the initiatives by the Modi 2.0 government. Fertilizer stocks were weak, with Rashtriya Chemicals and Fertilizers, Fertilizer and Chemicals Travancore, Chambal Fertilizers & Chemicals, Khaitan Chemicals & Fertilizers, and Gujarat State Fertilizers & Chemicals trading down. Coromandel International was among the gainers. Sitharaman also announced a strategy for achieving self-sufficiency in oil seeds. The Nifty remained positive, and the FM increased the capex allocation by 11.1%.
NMDC, Mangalore Refinery among 10 overbought stocks with RSI above 70
ETMarkets examines a pool of stocks trading in the overbought zone and handpicks 10 of the most promising ones for investors to keep an eye on.
Tejas Networks among 8 small cap stocks hit all-time highs on Wednesday
In a day filled with extraordinary market activity, several smallcap stocks achieved a remarkable milestone by reaching new all-time highs on October 18.
Adani Ports, BASF among 10 stocks with RSI trending down
Understanding the Relative Strength Index (RSI) and its significance in assessing stock movements. Explore 10 stocks with RSI trending down, identified by StockEdge on September 20, and gain insights into their potential implications for investors.
Adani Enterprises, Jubilant FoodWorks among 8 stocks which cross 200-day SMA
The crossing of the 200-day SMA by Aegis Logistics, Adani Enterprises, and other stocks on August 22 signifies their impressive market performance and growth prospects.
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