Vardhman Special Steels: Stock gains upon Q4FY20 sales volume growth Vardhman Special Steels: Stock gains upon Q4FY20 sales volume growth Pratik Shastri / Tuesday, June 16, 2020 / Article rating: 4.7 With upgradation purposes in mind, Vardhman Special Steels underwent 78 shutdowns during the previous fiscal year. Such upgrade was executed in order to modernize steel melting shop facilities whose annual capacity at present stands at 2,00,000 TPA.
Alembic Pharmaceutical touches 52-week high, gets fresh USFDA approval Alembic Pharmaceutical touches 52-week high, gets fresh USFDA approval Pratik Shastri / Tuesday, June 16, 2020 / Article rating: 5.0 The IQVIA, a US-based company, which is engaged in serving as the information and database provider of the healthcare industry, stated that Deferasirox Tablets, 180 mg, has an estimated market size of US$ 53 million (Rs 400 crore approximately).
Caplin Point rallies upon receiving USFDA approval for hypotension drug Caplin Point rallies upon receiving USFDA approval for hypotension drug Pratik Shastri / Saturday, June 13, 2020 / Article rating: 5.0 This is the third hydrochloride-based drug which has been granted regulatory approval. This development certainly reflects signs of sustenance of the company during the economic slowdown.
Oil India: Blowout fire continues, financial impact remains unclear Oil India: Blowout fire continues, financial impact remains unclear Pratik Shastri / Friday, June 12, 2020 / Article rating: 4.3 The whole incident including the fire is bound to impact the financials of the company. The current lockdown scenario has already affected the normal demand-supply ratios. Moreover, the impact on its capex plans is likely to spill into the next fiscal from the current year.
HDFC cuts down its RPLR by 20 bps HDFC cuts down its RPLR by 20 bps Pratik Shastri / Friday, June 12, 2020 / Article rating: 4.0 The company reported that 97 per cent of loans were repaid using electronic mode of transfer whereas 3 per cent borrowers were unable to pay during lockdown.
Coal India's subsidiary opens three new mines, aims for 710 MT production in FY21E Coal India's subsidiary opens three new mines, aims for 710 MT production in FY21E Pratik Shastri / Tuesday, June 9, 2020 / Article rating: 5.0 On a consolidated level, Coal India has given guidance of 710 MT coal production during the current fiscal year despite impending challenges from the economic slowdown and resultant 'demand-supply' status for the year.
RCF: Realises sale of Rs 100 crore in April-May 2020 RCF: Realises sale of Rs 100 crore in April-May 2020 Pratik Shastri / Tuesday, June 9, 2020 / Article rating: 3.5 In terms of market capitalisation, RCF is the third largest fertilizer firm. Urea based fertilizer is its key segment but in times of a slow-moving economy, a good contribution from all business segments would certainly boost the confidence of the investors.
Indian Oil Corporation: Stock soars 20 per cent in a month with increase in utilization Indian Oil Corporation: Stock soars 20 per cent in a month with increase in utilization Pratik Shastri / Friday, June 5, 2020 / Article rating: 4.0 IOCL is among the market leaders in the oil refining segment with more than 50,000 marketing touch points to cater to different product mixes. Thus, the restart of economic activity is expected to certainly give some relief to both, the company and the investors.
L&T secures large category order win from Telangana government L&T secures large category order win from Telangana government Pratik Shastri / Friday, June 5, 2020 / Article rating: 3.8 L&T often segregates its order bookings into significant, large, major and mega using the criteria of order values and classification. Its heavy civil infrastructure business arm has secured the latest order.
Bharti Airtel denies Amazon investment reports Bharti Airtel denies Amazon investment reports Pratik Shastri / Friday, June 5, 2020 / Article rating: 3.8 Opposing stiff competition from Reliance Jio, the company reported increase of 1.9 per cent YoY in customer base at the end of FY20 as well as average revenue per user of Rs 154 which is still one of the highest in the industry.