Tag: Reddy Labs

Daily Market Higlights JUN 2

Previous Day Market Sensex closed at 51,934.88 down by 2.56 points Nifty closed at 15,574.85 down by 7.95 points  ITC reported -2.6% lower net profits at Rs.3,755 crore for the Mar-21 quarter as the margins of non-cigarette FMCG business came under pressure. The hotel vertical also made losses on an EBITDA basis due to weak

Daily Market Update FEB 23

Even as DHFL was getting close to being sold to Piramal Enterprises, there is a new angle as the transaction auditor, Grant Thornton, has reported further fraudulence worth Rs6,182 crore in DHFL. The report by Thornton states that certain transactions were undervalued, fraudulent and preferential in nature. These transactions apparently were executed over a period

Weekly Capsule (Feb 15 – Feb 19)

News Announcement Impact Analysis ·         Oil rally in Brent Crude market takes a brief breather at $65/bbl ·         The oil shortage was created by Arctic blasts that had left Texas freezing, putting 4 million bpd of oil at risk ·         With the OPEC unwilling to relent on supply infusion, oil prices have rallied over 80%