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IRCTC reported a nearly 3-fold increase in profits for the Q3 FY2020

[vc_row][vc_column][vc_column_text] State-owned Indian Railway Catering & Tourism Corporation (IRCTC) declared its Q3 FY20 results on February 12 registering a hooping 179.66 percent (or 2.8-fold) year-on-year growth in profit, driven by all segments. Profit during the quarter stood at Rs 205.8 crore, up from Rs 73.59 crore in the same period last year. The sequential growth …

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Stocks those may benefit the most from the Government?s rural spend of Rs 2.83 lakh crore for agriculture and irrigation sectors & Rs 3.60 lakh crore for the Jal Jeevan Mission:

[vc_row][vc_column][vc_column_text] In the budget 2020, announcement of a series of moves to address issues in the agriculture, infrastructure and financial sectors in a bid to revive growth in the economy are going to create conditions for some businesses to flourish. In the Budget 2020 the government has allocated total of ?Rs 1.3 lakh crore for …

Stocks those may benefit the most from the Government?s rural spend of Rs 2.83 lakh crore for agriculture and irrigation sectors & Rs 3.60 lakh crore for the Jal Jeevan Mission: Read More »

Key factors that could guide markets this week (10 – 14 February 2020)

[vc_row][vc_column][vc_column_text] Indian benchmark indices were trading lower on Monday with Sensex falls below 41,000 level to touch an intraday low of 40,798.98, down 342.87 points in the early morning trade, as investors took money off the table amid concerns over the impact of coronaviruson global economy. The Indian follows their Asian counterparts as on Monday …

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RBI Monetary Policy: key takeaways

[vc_row][vc_column][vc_column_text] RBI Monetary Policy: key takeaways- The MPC has kept the repo rate unchanged at 5.15 percent and also decided to continue with the accommodative stance. Consequently, the reverse repo rate under the LAF remains unchanged at 4.90 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 5.40 per cent. …

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Budget 2020: Time To Strike A Balance – Outlook MONEY

[vc_row][vc_column][vc_column_text] Outlook MONEY ????????????????????????????????????????????????????? Published On: 31 January 2020 By Rahul Agarwal ,? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?Director at Wealth Discovery / EZ Wealth Budget 2020, is going to be one of the toughest challenges for NDA 2.0 government given the economy …

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Bajaj Finance hits record high on better than expected Q3 earnings

[vc_row][vc_column][vc_column_text]         Bajaj Finance stocks rallied more than 4 percent to hit an record high of Rs 4,444.00 on January 29 after earnings beat analyst expectations, and the stock continued its rally touched intraday high of 4485.00 (at the time of writing) ?in the early trade on January 30, 2020.   ? …

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UltraTech Cement showed signs of a demand revival

[vc_row][vc_column][vc_column_text] The Cement Manufacturing Company reported a consolidated profit of Rs 711.3 crore for the third quarter FY20, reporting a year-on-year growth of ?90.2 percent, And a revenue of Rs 10,354 crore that fell 0.9 percent YoY. The company reported an earnings before interest, tax, depreciation and amortisation (EBITDA) of ?Rs 1,973 crore , an …

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