Profitability of cement companies are likely to improve in fiscal 2024, owing to softening of coal and pet coke prices and better operational efficiency, says Crisil Ratings.
Posts in category Business Standard
Mazagaon Dock extends rally to 8th straight day; zooms 27% in two days (06-06-2023)
Going ahead, analysts at ICICI Securities perceive peak execution through to FY25E based on the current orderbook visibility.
Crypto market cracks 5%, Bitcoin at 3-month low after US SEC sues Binance (06-06-2023)
In its complaint, the SEC alleged that Binance and Zhao had “free reign” over billions of dollars of crypto assets from the US
Gold, silver prices remain unchanged, yellow metal trading at Rs 60,330 (06-06-2023)
The price of ten grams of 22-carat gold was at Rs 55,300
Should you subscribe to IKIO Lighting IPO? Here’s what brokerages suggest (06-06-2023)
The Noida-based company will debut bourses on June 16, and join listed peers Dixon Technologies, Amber Enterprises, Syrma SGS, and Elin Electronics
Stocks to Watch today, June 6: Adani Group, SBI, Maruti, HUL, Sejal Glass (06-06-2023)
Top Stocks to Watch on June 6, 2023: Adani Group said it has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the conglomerate’s listed firms
Sell Nifty Pvt Bank on rally; Nifty PSB to see profit booking below 4,050 (06-06-2023)
A close below 4,050 in the Nifty PSU Bank index would likely attract profit booking in the near term, says Ravi Nathani, an independent technical analyst.
MARKET LIVE: Sensex rebounds, up 250 pts from low; IKIO IPO sails through (06-06-2023)
Stock market live updates: Tracking weak global handover, the SGX Nifty, on Tuesday, indicated a subdued start as it quoted 18,694 levels, down 31-odd points
Indian Energy Exchange trade volume grows 8% to 8,251 mn units in May (05-06-2023)
The total trade volume of the Indian Energy Exchange grew by 8 per cent year-on-year to 8,251 million units (MU) in May.
The average spot power price during May 2023 was 30 per cent lower at Rs 4.74 per unit against Rs 6.76 per unit in May 2022, due to an improving supply-side scenario, leading to increased liquidity, and cooler weather conditions.
“Indian Energy Exchange achieved 8,251 MU overall volume in May 2023, including green market trade of 358 MU, 1.42 lakh RECs (equivalent to 142 MU) and 2.02 lakh ESCerts (equivalent to 202 MU). The overall volume during the month was higher by 8 per cent on YoY (Year-on-Year) basis,” an IEX statement said.
While an increase in power demand is expected in the coming months, the supply-side liquidity is likely to further improve due to enhanced coal supply, reduction in e-auction coal prices and consistently declining imported coal and gas prices.
This will lead to competitive prices and higher clearance for Discoms and Open Access consume
US SEC sues Binance, founder Zhao alleging securities law violations (05-06-2023)
The agency on Monday sued Binance and Zhao for failing to restrict U.S. customers from its platform and misleading investors about its market surveillance controls