HOSHIARPUR UNIT
Will consumer durables & EMS stocks see another round of re-rating? 7 stocks with an upside potential of up to 24%
There are talks of the budget being focussed on two things, one giving continued push to investment and second to increase the disposable income in the hands of people. The second could be done by cutting taxes or making changes with the tax slab. While many sectors will feel the impact but one of the sectors which may feel maximum impact is the consumer durable sector. Now given the fact that the consumer durable sector has a closed link with the EMS companies, they both have to be looked at together. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Amazon announces expansion of its grocery service unit to over 130 cities
Amazon India announced on Tuesday that it is expanding Amazon Fresh, its comprehensive grocery service. This service includes both wet and dry groceries such as fruits, vegetables, chilled products, and a range of personal care items.
BJP performed better in LS polls in Punjab, but better is not enough, says Sunil Jakhar
Punjab BJP chief Sunil Jakhar acknowledged party's improved performance in Lok Sabha polls but emphasised the need for greater success, especially after losing traditional seats. Despite not winning any seats, the BJP's vote share doubled to 18.56% in the state. Jakhar expressed gratitude to party workers and vowed to address shortcomings. In the recent Lok Sabha polls, Congress emerged victorious, dealing blows to AAP, BJP, and SAD in Punjab.
BJP fails to retain at least 26 reserved LS seats; Munda, Pramanik among big losers
In the elections, Union Ministers Arjun Munda, Kaushal Kishore, and Nisith Pramanik lost, while others like Arjun Ram Meghwal and Chirag Paswan emerged victorious.
AAP humare hai kaun?: What does future hold for jailed Kejriwal in Delhi, Punjab
Delhi Chief Minister Arvind Kejriwal's credibility faces a challenge in the national capital and Punjab post Lok Sabha elections. AAP's campaign focused on promises like free electricity and government schools, with a referendum on Kejriwal's arrest in the liquor policy case.
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.
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'Rule of thieves' in Punjab: Congress leader Navjot Singh Sidhu
Congress leader Navjot Singh Sidhu criticized the Bhagwant Mann-led AAP government in Punjab, alleging a "rule of thieves" in the state. Sidhu, during a rally in Moga, challenged Chief Minister Mann to a debate on issues like Punjab's debt, stating that if he loses, he will quit politics permanently.
For investors with risk appetite: 4 smallcap stocks with upside potential of up to 36%
The risk on trade, which essentially means taking exposure to the riskier asset class started once again. In India, this meant that once again, small cap stocks, which are the riskiest place to invest both in terms of business uncertainty and stocks liquidity risk, once again witnessed more activity. All those investors who have increased their exposure to small caps in the recent past or are thinking of increasing their exposure should put more checks and balances before investing in this space. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Sonalika plans Rs 1,000 cr outlay to push exports
Gaurav Saxena, director and chief executive officer (international business), International Tractors Limited said, “We are looking at investing $100 million to set up a dedicated facility for exports. The new unit will have total installed capacity of 100,000 units and will be commissioned within the next two years.”
Century Plyboards expanding across every single segment we are present in: Keshav Bhajanka
“I would say I am cautious in the short term. And I am very optimistic in the medium and long term. Whether you look at laminates or veneers, there is a trend towards premiumisation. People are becoming more expressive with their home, especially post Covid. It will definitely lead to premiumisation in decorative products going forward.”
Riding on the OJA, Mahindra looks to drive into all the tractor markets of the world
Mahindra & Mahindra plans to double its tractor exports in the next three years and have a presence in almost every country of the world with its newly launched OJA brand. It is also hoping to enter almost a dozen new markets with the new launch. Including India, Mahindra sells tractors in 13 markets currently.
9 dead as incessant rains pound Punjab, Haryana; Army called for rescue operations
Heavy rains have hit the Indian states of Haryana and Punjab for the third day causing flooding in many areas. Nine people have died in rain-related incidents. Schools in Punjab are closed until 13 July while schools in Haryana will be closed till Wednesday. The Army and National Disaster Response Force have been assisting with rescue and relief operations.
Punjab: Jalandhar Lok Sabha bypoll to be litmus test for AAP
Jalandhar Lok Sabha bypoll, the date for which was announced Wednesday, will be a litmus test for the ruling AAP, coming at a time when the party is facing flak from the opposition over law and order in the state with the escape of pro-Khalistan preacher Amritpal Singh. The preacher escaped the police dragnet in Jalandhar district on March 18 during a crackdown against him and his supporters.
Rahul busts buzz on cousin Varun's entry into Congress
"Years ago, Feroz (Varun Gandhi) told me that 'RSS is doing a lot of good work in the country'. I told him to study and learn the history of our family. I told him 'if you have understood the history of our family, you wouldn't have said that'," Gandhi added. Incidentally, Gandhi has a history of patronising and foisting former BJP leader Navjot Singh Sidhu as Punjab PCC president and former Shiv Sena leader Sanjay Nirupam as Mumbai Regional Congress chief.
Four senior Punjab Congress leaders join BJP
They joined the BJP in the presence of Union ministers Gajendra Singh Shekhawat and Som Parkash, state unit chief Ashwani Sharma, and senior party leaders Dushyant Gautam, Tarun Chugh, Sunil Jakhar and Manjinder Singh Sirsa.
CenturyPly engages BCG for operational & cost efficiency
"The topline will have some impact as the first quarter was nearly a washout due to lockdown. But, we had cost advantage on inputs and with cost saving measures which had been bearing fruits we hope better than last year profit," CenturyPly director Keshav Bhajanka told .
CenturyPly Q3 results: Net profit jumps; company to pump in Rs 200 cr to expand MDF capacity
"After the COVID-19 pandemic, demand for furniture has jumped sharply. MDF requirement is also robust. The existing operating capacity of the plant is 600 cbm per day, which is expected to be 1,000 cbm after the expansion," Century Plyboards MD Sanjay Agarwal told PTI.
Reliance spins off oil-to-chemical business unit
Reliance for the first time reported integrated earnings of the O2C business in its third quarter financial results. Previously, refining and petrochemical businesses were reported separately while fuel retailing revenue was part of the firm's overall retail business.
Sonalika Tractors posts 57.65% jump in total sales at 11,540 units in Dec
Sonalika Tractors on Friday reported a 57.65 per cent growth in total tractor sales at 11,540 units in December 2020. The company had sold 7,320 tractors in both domestic and international markets in the same month of 2019, according to a statement.
Punjab-based Sonalika's tractor sales jump 46% to 17,704 units in September
Hoshiarpur-based tractor manufacturer also sold 6,400 units of implements during the month, registering a 135 per cent growth over September 2019.
Army jawan commits suicide in JK's Udhampur
Sepoy Prince Kumar (25), a resident of Hoshiarpur in Punjab, was posted in 112 Territorial Army and was on guard duty when he shot himself at Chinar camp in Rehambal area on Friday, a police official said. The official said that the motive behind the extreme step was not known immediately.
CenturyPly manufacturing units become solar powered
The company has also started drawing power from group captive wind mill for the Chennai unit, which is another step towards sustainable green energy.
AAP fails to curb dissent, says it’s normal during polls
Nearly 70 members had quit the party, accusing the Delhi leaders Sanjay Singh and Durgesh Pathak of taking money for allotting seats.
BJP units in seven states headless
It has been three months since Amit Shah got a fresh three-year term but he is yet to decide on heads of state units of at least seven states.
Sonalika Group invests Rs 500 cr on capacity hike at Hoshiarpur plant
Sonalika Group VC A S Mittal said currently the plant in Hoshiarpur has a capacity to produce 90,000 tractors of 18-90 HP range annually.
Parkash Singh Badal grants Rs 3.73 crore for upgrading 2 fruit processing units
The fund is for upgrading of the fruit and vegetable processing units run by the Punjab Agro Juices Limited in Abohar and Hoshiarpur.
BJP looks to wrest Hoshiarpur seat from Congress as keen contest unfolds
"There is a Modi wave in the country. The Modi factor will definitely benefit BJP candidates in these polls," Vijay Sampl says.
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