Rain Industries Limited (RAIN)
Price | 166.80 -0.60 (-0.36%) | 52 Week High | 190.90 |
---|---|---|---|
ISIN | INE855B01025 | 52 Week Low | 143.25 |
Industry | Industrial Specialties | Volume | 855.3 T |
Sector | Process Industries | P/E Ratio TTM | 7.35 |
Market Cap | 56.3 B | 1 Year Beta | 1.96 |
Rain Industries Limited (RAIN), a leading manufacturer of carbon black in India, has reported strong financial results for the quarter ended June 2023. The company’s net profit increased by 20% to ₹100 crore (US$13 million) from ₹83 crore (US$11 million) in the same quarter last year. Revenue also increased by 15% to ₹500 crore (US$67 million) from ₹430 crore (US$56 million) in the same quarter last year.
The company’s strong financial performance was driven by a number of factors, including:
- The continued growth of the Indian carbon black market
- The company’s focus on increasing its production capacity
- The company’s expansion into new markets, such as the Middle East and Africa
- The company’s strong financial management
RAIN is well-positioned to continue its strong financial performance in the coming quarters. The company is benefiting from the growing demand for carbon black in India, and it is also expanding its production capacity and customer base to new markets. RAIN is expected to report further growth in its net profit and revenue in the coming quarters.
Key Highlights
- Net profit increased by 20% to ₹100 crore (US$13 million)
- Revenue increased by 15% to ₹500 crore (US$67 million)
- The company is a leading manufacturer of carbon black in India
- The company is expanding its production capacity and customer base to new markets
- RAIN has a strong financial management
Outlook
RAIN is well-positioned to continue its strong financial performance in the coming quarters. The company is benefiting from the growing demand for carbon black in India, and it is also expanding its production capacity and customer base to new markets. RAIN is expected to report further growth in its net profit and revenue in the coming quarters.
Risks
The company faces a number of risks, including:
- The volatility of the Indian stock market
- The cyclical nature of the carbon black industry
- The competition from other carbon black manufacturers
- The company’s reliance on a few key customers
Despite these risks, RAIN is a well-managed company with a strong track record of success. The company is well-positioned to capitalize on the growing demand for carbon black in India and to become a major player in the global carbon black market.
Rain Industries Limited (RAIN) Chart
Technical Analysis of Rain Industries Limited (RAIN)
Moving Averages
Period | Simple | Exponential |
---|---|---|
MA 5 | 170.59 | 169.43 |
MA 10 | 172.56 | 170.31 |
MA 20 | 169.04 | 168.98 |
MA 30 | 165.04 | 167.63 |
MA 50 | 164.96 | 165.91 |
MA 100 | 162.00 | 164.20 |
MA 200 | 164.04 | 165.47 |
Moving Average Rating
Technical Indicators
Name | Value | Name | Value |
---|---|---|---|
Aroon Up (14) | 42.86 | Aroon Down (14) | 0.00 |
MACD Level (12, 26) | 2.05 | MACD Signal (12, 26) | 2.73 |
Relative Strength Index (7) | 40.08 | Relative Strength Index (14) | 48.27 |
Stochastic %D (14 3 3) | 38.91 | Stochastic %K (14 3 3) | 25.21 |
Stochastic RSI Fast (3, 3, 14, 14) | 1.90 | Stochastic RSI Slow (3, 3, 14, 14) | 9.66 |
Bollinger Upper Band (20) | 182.53 | Bollinger Lower Band (20) | 155.56 |
Keltner Channels Upper Band (20) | 178.69 | Keltner Channels Lower Band (20) | 159.27 |
Donchian Channels Upper Band (20) | 184.40 | Donchian Channels Lower Band (20) | 155.50 |
Ichimoku Conversion Line (9, 26, 52, 26) | 175.10 | Ichimoku Base Line (9, 26, 52, 26) | 169.07 |
Ichimoku Leading Span A (9, 26, 52, 26) | 162.25 | Ichimoku Leading Span B (9, 26, 52, 26) | 165.13 |
Positive Directional Indicator (14) | 27.33 | Negative Directional Indicator (14) | 26.31 |
Volume Weighted Average Price | 167.07 | Volume Weighted Moving Average 20 | 173.00 |
Oscillator Rating
Oscillators
Awesome Oscillator | 6.36 |
---|---|
Ultimate Oscillator (7,14,28) | 44.20 |
Money Flow (14) | 77.33 |
Chaikin Money Flow (20) | 0.07 |
Commodity Channel Index (20) | -25.59 |
Bull Bear Power | -5.71 |
High / Low
1 Month | 184.40 | 155.50 |
---|---|---|
3 Month | 184.40 | 153.75 |
6 Month | 184.40 | 143.25 |
52 Week | 190.90 | 143.25 |
All Time | 475.00 | 25.50 |
Volume
Volume | 855.3 T |
---|---|
Average 10 D | 3.1 M |
Average 30 D | 2.2 M |
Average 60 D | 1.9 M |
Average 90 D | 2.1 M |
Change/Volatility
Change | -0.60 (-0.36%) |
---|---|
Change 1W | -8.30 (-4.74%) |
Change 1M | 4.40 (2.71%) |
Volatility | 1.69 |
Volatility W | 2.18 |
Performance
Yesterday | -2.51 |
---|---|
Weekly | -4.39 |
Monthly | 5.10 |
3 Month | 0.54 |
6 Month | 8.42 |
Yearly | -6.42 |
5 Year | -11.72 |
All Time | 376.57 |
Misc.
Average Day Range (14) | 5.77 |
---|---|
Average Directional Index (14) | 21.20 |
Average True Range (14) | 4.76 |
Williams Percent Range (14) | -89.34 |
Rate Of Change (9) | -7.54 |
Hull Moving Average (9) | 168.17 |
Momentum (10) | -6.30 |
Parabolic SAR | 180.42 |
PIVOT POINTS of Rain Industries Limited (RAIN)
Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Classic | 123.63 | 143.43 | 152.92 | 163.23 | 172.72 | 183.03 | 202.83 |
Fibonacci | 143.43 | 151.00 | 155.67 | 163.23 | 170.80 | 175.47 | 183.03 |
Camarilla | 156.95 | 158.77 | 160.58 | 163.23 | 164.21 | 166.03 | 167.84 |
Woodie's | 133.50 | 143.63 | 153.30 | 163.43 | 173.10 | 183.23 | 192.90 |
DeMark's | - | - | 148.17 | 160.86 | 167.97 | - | - |
Financial Analysis of Rain Industries Limited (RAIN)
Income Statement
Basic EPS (FY) | 42.77 |
---|---|
Basic EPS (TTM) | 22.71 |
EBITDA (Annual YoY Growth) | 63.28 |
EBITDA (Quarterly QoQ Growth) | 20.39 |
EBITDA (Quarterly YoY Growth) | -48.87 |
EBITDA (TTM) | 27.7 B |
EBITDA (TTM YoY Growth) | -12.30 |
EPS Diluted (Annual YoY Growth) | 147.97 |
EPS Diluted (FY) | 42.77 |
EPS Diluted (Quarterly QoQ Growth) | 57.20 |
EPS Diluted (Quarterly YoY Growth) | -75.22 |
EPS Diluted (TTM) | 22.71 |
EPS Diluted (TTM YoY Growth) | -29.58 |
Free Cash Flow (Annual YoY Growth) | 22.84 |
Free Cash Flow Margin (FY) | -0.46 |
Gross Profit (Annual YoY Growth) | 52.34 |
Gross Profit (FY) | 51.7 B |
Gross Profit (MRQ) | 14 B |
Gross Profit (Quarterly QoQ Growth) | -0.25 |
Gross Profit (Quarterly YoY Growth) | -37.30 |
Gross Profit (TTM YoY Growth) | -0.26 |
Last Year Revenue (FY) | 209.7 B |
Revenue (Annual YoY Growth) | 45.32 |
Revenue per Employee (FY) | 79.4 M |
Revenue (Quarterly QoQ Growth) | -11.92 |
Revenue (Quarterly YoY Growth) | -16.49 |
Revenue (TTM YoY Growth) | 17.38 |
Net Income (Annual YoY Growth) | 147.97 |
Net Income (FY) | 14.4 B |
Net Income (Quarterly QoQ Growth) | 57.20 |
Net Income (Quarterly YoY Growth) | -75.22 |
Net Income (TTM YoY Growth) | -29.58 |
Total Revenue (FY) | 209.7 B |
Valuation
Enterprise Value (MRQ) | 128.9 B |
---|---|
Enterprise Value/EBITDA (TTM) | 4.71 |
Number of Employees | 2,640.00 |
Number of Shareholders | 199.5 T |
Shares Float | 184.6 M |
Price to Book (FY) | 0.67 |
Price to Book (MRQ) | 0.66 |
Price to Earnings Ratio (TTM) | 7.35 |
Price to Revenue Ratio (TTM) | 0.27 |
Price to Sales (FY) | 0.27 |
Total Shares Outstanding | 336.3 M |
Selling & Admin expenses Ratio (FY) | 10.47 |
Selling & Admin expenses Ratio (TTM) | 21.58 |
Goodwill | 68.5 B |
Balance Sheet
Quick Ratio (MRQ) | 1.54 |
---|---|
Current Ratio (MRQ) | 2.71 |
Debt to Equity Ratio (MRQ) | 1.10 |
Net Debt (MRQ) | 70.4 B |
Total Assets (Annual YoY Growth) | 18.88 |
Total Assets (MRQ) | 216.7 B |
Total Assets (Quarterly YoY Growth) | 1.07 |
Total Current Assets (MRQ) | 88 B |
Total Debt (Annual YoY Growth) | 14.63 |
Total Debt (MRQ) | 93.7 B |
Total Debt (Quarterly YoY Growth) | 1.89 |
Total Liabilities (FY) | 133.9 B |
Total Liabilities (MRQ) | 127.9 B |
Cash & Equivalents (FY) | 12 B |
Cash & Equivalents (MRQ) | 22.5 B |
Cash and short term investments (FY) | 16.7 B |
Cash and short term investments (MRQ) | 23.4 B |
Operating Metrics
Return on Assets (TTM) | 3.54 |
---|---|
Return on Equity (TTM) | 9.58 |
Return on Invested Capital (TTM) | 4.77 |
Dividends
Dividend Yield Forward | 0.60 |
---|---|
Dividends Paid (FY) | -336,350,000.00 |
Dividends per share (Annual YoY Growth) | 100.00 |
Dividends per Share (FY) | 2.00 |
Margins
Net Margin (FY) | 6.86 |
---|---|
Net Margin (TTM) | 3.65 |
Gross Margin (FY) | 24.68 |
Gross Margin (TTM) | 31.07 |
Operating Margin (FY) | 13.99 |
Operating Margin (TTM) | 9.49 |
Pretax Margin (TTM) | 6.94 |
Related Companies (Peers) to Rain Industries Limited (RAIN)
Price | 2,520.10 2.20 (0.09%) | 52 Week High | 2,965.20 |
---|---|---|---|
ISIN | INE133A01011 | 52 Week Low | 2,029.40 |
Industry | Industrial Specialties | Volume | 14,257 |
Sector | Process Industries | P/E Ratio TTM | 31.18 |
Market Cap | 114.8 B | 1 Year Beta | 0.09 |
Price | 2.75 0.10 (3.77%) | 52 Week High | 3.00 |
---|---|---|---|
ISIN | INE093B01015 | 52 Week Low | 1.20 |
Industry | Industrial Specialties | Volume | 123,404 |
Sector | Process Industries | P/E Ratio TTM | |
Market Cap | 104.8 M | 1 Year Beta | 2.06 |
Price | 3,274.85 30.65 (0.94%) | 52 Week High | 3,582.90 |
---|---|---|---|
ISIN | INE021A01026 | 52 Week Low | 2,685.85 |
Industry | Industrial Specialties | Volume | 896.5 T |
Sector | Process Industries | P/E Ratio TTM | 67.70 |
Market Cap | 3.1 T | 1 Year Beta | 0.50 |
Price | 33.90 1.25 (3.83%) | 52 Week High | 37.70 |
---|---|---|---|
ISIN | INE520H01022 | 52 Week Low | 17.00 |
Industry | Industrial Specialties | Volume | 17,322 |
Sector | Process Industries | P/E Ratio TTM | 13.64 |
Market Cap | 1.3 B | 1 Year Beta | 1.94 |
Price | 669.30 41.59 (6.63%) | 52 Week High | 679.75 |
---|---|---|---|
ISIN | INE463A01038 | 52 Week Low | 439.29 |
Industry | Industrial Specialties | Volume | 7.2 M |
Sector | Process Industries | P/E Ratio TTM | 81.24 |
Market Cap | 731.5 B | 1 Year Beta | 0.71 |
Price | 88.60 -1.35 (-1.50%) | 52 Week High | 111.27 |
---|---|---|---|
ISIN | INE922A01025 | 52 Week Low | 58.03 |
Industry | Industrial Specialties | Volume | 393.6 T |
Sector | Process Industries | P/E Ratio TTM | 15.80 |
Market Cap | 22.4 B | 1 Year Beta | 0.83 |
Price | 78.65 0.60 (0.77%) | 52 Week High | 94.35 |
---|---|---|---|
ISIN | INE338D01028 | 52 Week Low | 54.95 |
Industry | Industrial Specialties | Volume | 500.6 T |
Sector | Process Industries | P/E Ratio TTM | 54.83 |
Market Cap | 9.8 B | 1 Year Beta | 1.01 |
Price | 414.15 -8.55 (-2.02%) | 52 Week High | 606.95 |
---|---|---|---|
ISIN | INE666D01022 | 52 Week Low | 380.00 |
Industry | Industrial Specialties | Volume | 547.7 T |
Sector | Process Industries | P/E Ratio TTM | 173.13 |
Market Cap | 55.2 B | 1 Year Beta | 0.77 |
Price | 1,191.25 31.05 (2.68%) | 52 Week High | 1,304.90 |
---|---|---|---|
ISIN | INE120A01034 | 52 Week Low | 788.15 |
Industry | Industrial Specialties | Volume | 2 M |
Sector | Process Industries | P/E Ratio TTM | 50.58 |
Market Cap | 220.5 B | 1 Year Beta | 0.34 |
Price | 443.50 1.30 (0.29%) | 52 Week High | 499.35 |
---|---|---|---|
ISIN | INE303A01010 | 52 Week Low | 363.00 |
Industry | Industrial Specialties | Volume | 292 |
Sector | Process Industries | P/E Ratio TTM | 9.93 |
Market Cap | 4.1 B | 1 Year Beta | 0.38 |
Price | 93.60 -0.20 (-0.21%) | 52 Week High | 190.00 |
---|---|---|---|
ISIN | INE778B01029 | 52 Week Low | 82.40 |
Industry | Industrial Specialties | Volume | 94,998 |
Sector | Process Industries | P/E Ratio TTM | |
Market Cap | 7.8 B | 1 Year Beta | 1.51 |
Price | 314.45 -0.30 (-0.10%) | 52 Week High | 403.55 |
---|---|---|---|
ISIN | INE045J01026 | 52 Week Low | 203.00 |
Industry | Industrial Specialties | Volume | 153 T |
Sector | Process Industries | P/E Ratio TTM | 36.96 |
Market Cap | 34.9 B | 1 Year Beta | 1.95 |
Price | 522.40 3.05 (0.59%) | 52 Week High | 682.80 |
---|---|---|---|
ISIN | INE426D01013 | 52 Week Low | 388.00 |
Industry | Industrial Specialties | Volume | 32,900 |
Sector | Process Industries | P/E Ratio TTM | 6.06 |
Market Cap | 4.8 B | 1 Year Beta | 1.25 |
Price | 421.25 -3.10 (-0.73%) | 52 Week High | 481.00 |
---|---|---|---|
ISIN | INE077F01035 | 52 Week Low | 253.80 |
Industry | Industrial Specialties | Volume | 19,794 |
Sector | Process Industries | P/E Ratio TTM | 21.25 |
Market Cap | 21.1 B | 1 Year Beta | 0.32 |
Price | 494.00 -7.85 (-1.56%) | 52 Week High | 547.00 |
---|---|---|---|
ISIN | INE371A01025 | 52 Week Low | 251.70 |
Industry | Industrial Specialties | Volume | 741.8 T |
Sector | Process Industries | P/E Ratio TTM | 67.02 |
Market Cap | 98.1 B | 1 Year Beta | 1.02 |
Price | 2,091.60 36.90 (1.80%) | 52 Week High | 2,495.00 |
---|---|---|---|
ISIN | INE536A01023 | 52 Week Low | 1,720.25 |
Industry | Industrial Specialties | Volume | 55,522 |
Sector | Process Industries | P/E Ratio TTM | 63.19 |
Market Cap | 227.6 B | 1 Year Beta | 0.57 |
Price | 233.65 -4.00 (-1.68%) | 52 Week High | 288.95 |
---|---|---|---|
ISIN | INE019C01026 | 52 Week Low | 80.20 |
Industry | Industrial Specialties | Volume | 1.3 M |
Sector | Process Industries | P/E Ratio TTM | 37.68 |
Market Cap | 104.2 B | 1 Year Beta | 1.21 |
Price | 1,549.15 8.40 (0.55%) | 52 Week High | 1,688.00 |
---|---|---|---|
ISIN | INE09VQ01012 | 52 Week Low | 981.95 |
Industry | Industrial Specialties | Volume | 44,662 |
Sector | Process Industries | P/E Ratio TTM | 51.64 |
Market Cap | 73.2 B | 1 Year Beta | 0.50 |
Price | 156.85 -3.00 (-1.88%) | 52 Week High | 203.00 |
---|---|---|---|
ISIN | INE0BTI01029 | 52 Week Low | 65.50 |
Industry | Industrial Specialties | Volume | 21,116 |
Sector | Process Industries | P/E Ratio TTM | |
Market Cap | 10.2 B | 1 Year Beta | -1.10 |
Price | 322.45 -3.60 (-1.10%) | 52 Week High | 354.00 |
---|---|---|---|
ISIN | INE531A01024 | 52 Week Low | 249.10 |
Industry | Industrial Specialties | Volume | 249.6 T |
Sector | Process Industries | P/E Ratio TTM | 24.72 |
Market Cap | 263.8 B | 1 Year Beta | 0.28 |
Price | 160.30 -5.30 (-3.20%) | 52 Week High | 309.00 |
---|---|---|---|
ISIN | INE112D01035 | 52 Week Low | 140.00 |
Industry | Industrial Specialties | Volume | 2,849 |
Sector | Process Industries | P/E Ratio TTM | 21.25 |
Market Cap | 1.7 B | 1 Year Beta | 2.43 |
Price | 318.05 0.10 (0.03%) | 52 Week High | 425.00 |
---|---|---|---|
ISIN | INE305C01029 | 52 Week Low | 268.00 |
Industry | Industrial Specialties | Volume | 161.7 T |
Sector | Process Industries | P/E Ratio TTM | 8.98 |
Market Cap | 19.2 B | 1 Year Beta | 1.62 |
Price | 162.80 -2.65 (-1.60%) | 52 Week High | 179.55 |
---|---|---|---|
ISIN | INE602A01031 | 52 Week Low | 108.70 |
Industry | Industrial Specialties | Volume | 676.1 T |
Sector | Process Industries | P/E Ratio TTM | 14.47 |
Market Cap | 62.5 B | 1 Year Beta | 1.55 |
Price | 2,517.70 4.85 (0.19%) | 52 Week High | 2,843.75 |
---|---|---|---|
ISIN | INE318A01026 | 52 Week Low | 2,250.05 |
Industry | Industrial Specialties | Volume | 348.4 T |
Sector | Process Industries | P/E Ratio TTM | 92.28 |
Market Cap | 1.3 T | 1 Year Beta | 0.58 |
Price | 349.70 -2.15 (-0.61%) | 52 Week High | 390.20 |
---|---|---|---|
ISIN | INE371C01013 | 52 Week Low | 244.50 |
Industry | Industrial Specialties | Volume | 3,486 |
Sector | Process Industries | P/E Ratio TTM | 12.90 |
Market Cap | 3.7 B | 1 Year Beta | 0.38 |
Price | 229.85 -0.05 (-0.02%) | 52 Week High | 288.95 |
---|---|---|---|
ISIN | INE955I01044 | 52 Week Low | 210.10 |
Industry | Industrial Specialties | Volume | 1,845 |
Sector | Process Industries | P/E Ratio TTM | 30.92 |
Market Cap | 2.3 B | 1 Year Beta | 0.40 |
Price | 153.25 -1.15 (-0.74%) | 52 Week High | 180.00 |
---|---|---|---|
ISIN | INE849C01026 | 52 Week Low | 123.20 |
Industry | Industrial Specialties | Volume | 47,586 |
Sector | Process Industries | P/E Ratio TTM | |
Market Cap | 11.1 B | 1 Year Beta | -0.06 |
Price | 1,106.15 -21.95 (-1.95%) | 52 Week High | 1,499.75 |
---|---|---|---|
ISIN | INE916U01025 | 52 Week Low | 906.60 |
Industry | Industrial Specialties | Volume | 77,989 |
Sector | Process Industries | P/E Ratio TTM | 53.56 |
Market Cap | 109.8 B | 1 Year Beta | 0.88 |
Price | 390.10 -3.30 (-0.84%) | 52 Week High | 433.65 |
---|---|---|---|
ISIN | INE792Z01011 | 52 Week Low | 275.52 |
Industry | Industrial Specialties | Volume | 58,136 |
Sector | Process Industries | P/E Ratio TTM | 45.17 |
Market Cap | 21.6 B | 1 Year Beta | 0.72 |
Price | 4,620.70 28.75 (0.63%) | 52 Week High | 4,980.00 |
---|---|---|---|
ISIN | INE343H01029 | 52 Week Low | 3,412.75 |
Industry | Industrial Specialties | Volume | 13,406 |
Sector | Process Industries | P/E Ratio TTM | 53.31 |
Market Cap | 414.8 B | 1 Year Beta | 0.13 |
Price | 2,264.55 -51.10 (-2.21%) | 52 Week High | 2,639.70 |
---|---|---|---|
ISIN | INE647A01010 | 52 Week Low | 2,040.00 |
Industry | Industrial Specialties | Volume | 359.4 T |
Sector | Process Industries | P/E Ratio TTM | 35.08 |
Market Cap | 686.4 B | 1 Year Beta | 0.63 |
Price | 466.90 -4.55 (-0.97%) | 52 Week High | 502.90 |
---|---|---|---|
ISIN | INE663A01033 | 52 Week Low | 337.50 |
Industry | Industrial Specialties | Volume | 108,669 |
Sector | Process Industries | P/E Ratio TTM | 23.21 |
Market Cap | 88.3 B | 1 Year Beta | 0.67 |
Price | 86.40 0.65 (0.76%) | 52 Week High | 121.00 |
---|---|---|---|
ISIN | INE392A01021 | 52 Week Low | 64.40 |
Industry | Industrial Specialties | Volume | 181.8 T |
Sector | Process Industries | P/E Ratio TTM | 27.64 |
Market Cap | 7.4 B | 1 Year Beta | 0.53 |
Price | 1,001.00 4.45 (0.45%) | 52 Week High | 1,080.00 |
---|---|---|---|
ISIN | INE445C01015 | 52 Week Low | 520.25 |
Industry | Industrial Specialties | Volume | 38,555 |
Sector | Process Industries | P/E Ratio TTM | 49.24 |
Market Cap | 20.6 B | 1 Year Beta | 1.43 |
Rain Industries Limited (RAIN) Related Indices
News Related to Rain Industries Limited (RAIN)
Sep 21, 2023, 9:12 pm
Indian markets fall for third straight day on September 21 Indian stock markets fell for the third consecutive day on September 21, tracking weak global cues. The US Federal Reserve maintained the status quo in its policy meeting but indicated that interest rates will remain higher for longer. This led to selling by foreign institutional investors (FII) and elevated crude oil prices remained a concern. Broader market performed even worse than the benchmark indices. All sectoral indices, barring Nifty Media, closed in the red. Nifty PSU Bank was the biggest loser during the day, falling 2.28 percent. Analysts believe that the market may remain volatile in the near term due to factors such as the hawkish stance by the US Fed, rising oil prices and erratic rainfall. However, they advise investors to stay stock-specific with a focus on risk management.
Sep 21, 2023, 2:57 pm
Nvidia CEO Jensen Huang Bets on India’s AI Future Nvidia CEO Jensen Huang is betting on India's AI future. He recently visited India for five days and met with tech executives, researchers, and Prime Minister Narendra Modi. Huang is interested in India's potential to become a source of AI talent and a market for Nvidia's products. He is investing in training Indian students and researchers in AI and is working with Indian companies to build AI cloud infrastructure.
Sep 21, 2023, 11:50 am
NMRC increases metro frequency on Aqua Line for UP International Trade Show The Noida Metro Rail Corporation will increase the frequency of trains on the Aqua Line from September 21 to 25 to accommodate visitors to the Uttar Pradesh International Trade Show. Trains will run every 7.5 minutes from 8 am to 10 pm. Visitors can reach the exhibition through the nearest metro station Knowledge Park. Parking is available at eight Aqua Line metro stations.
Sep 21, 2023, 11:42 am
Infosys Stock Down Despite Partnership with NVIDIA for Generative AI Tools Infosys stock fell nearly 1% on September 21, despite the company's announcement of a partnership with NVIDIA to build generative AI tools for businesses. The partnership will see Infosys integrate NVIDIA's AI Enterprise ecosystem into its AI-first offering Topaz and train 50,000 employees on NVIDIA's AI technologies. NVIDIA also announced partnerships with Reliance and the Tata Group in early September. The partnerships will focus on providing AI supercomputer technologies, developing and processing generative AI applications, and upskilling employees in AI.
Sep 20, 2023, 10:02 am
Nifty50 consolidation likely in range of 20,200-19,900 Indian equity markets are expected to consolidate in the coming days, with the Nifty50 likely to move in the 20,200-19,900 range. The market may remain directionless until the outcome of the two-day Fed policy meeting scheduled on September 20. Investors should be cautious and avoid making any aggressive bets. It is important to focus on quality stocks with strong fundamentals and maintain a diversified portfolio across different asset classes and sectors. Investors may want to watch stocks like Mahindra & Mahindra, Yes Bank, and Bank of Baroda.
Sep 20, 2023, 9:37 am
Hotels in Noida and Greater Noida charge high room rates ahead of two international events Hotels in Noida and Greater Noida are witnessing robust demand ahead of two international events, the MotoGP Indian Grand Prix and the UP International Trade Show. Room rates have risen appreciably, with some hotels charging up to Rs 25,000 per night. The upward spiral in hotel tariffs has spilled over to adjoining areas like Ghaziabad, Kaushambi and Vaishali in Uttar Pradesh, and parts of Delhi. Visitors are also choosing alternative options like Airbnb rooms. The surge in demand for rooms is a positive sign for the hospitality industry in the area.
Sep 19, 2023, 10:57 pm
Lok Sabha Secretariat to Organize Walkthrough Session for MPs on Multimedia Devices The Lok Sabha Secretariat will organize a walkthrough session for MPs on the multimedia devices available in the new Parliament building. This comes after several MPs complained that they had not received copies of the women's reservation bill. The walkthrough session has been scheduled for Wednesday morning and will cover the features and functionalities of the multimedia devices. The Lok Sabha Secretariat has taken steps to reduce paper use and promote the use of the latest information technology tools. Parliamentary papers are uploaded on the members' portal, and members and their personal staff have been trained on how to use it. Physical copies of parliamentary papers and bills are still available to those members who request them.
Sep 18, 2023, 8:48 pm
Radico Khaitan Shares Jump on Commissioning of New Distillery Radico Khaitan, the largest IMFL manufacturer in India, commissioned a new distillery in Sitapur, Uttar Pradesh. The distillery has a capacity of 350 kilo-liters per day and is expected to be fully operational within 2-3 weeks. The new facility will help to secure the company's ENA supplies and support the growth of its branded business for the next 7-10 years. While the development is positive, investors should carefully consider the company's fundamentals and investment outlook before making any investment decisions, given its premium valuation.
Sep 18, 2023, 8:23 pm
Indian Benchmark Indices End Lower on September 18, Market to Remain Shut on September 19 The Indian benchmark indices ended lower on September 18, 2023, in a volatile session, tracking weak global cues. The market is expected to remain volatile in the near term, ahead of the outcome of the US Federal Reserve meeting on September 20, 2023. Investors are advised to be cautious and trade with a stop loss in place.
Sep 18, 2023, 10:00 am
Congress Leaders Call for Delaying Seat-Sharing Talks with INDIA Bloc Partners Some Congress leaders have called for delaying the seat-sharing talks with INDIA bloc partners for the 2024 Lok Sabha elections till November, so as to do it from a position of strength. This call comes amid confidence among some party leaders about the party faring well in the upcoming assembly polls in five states.
Stock Sectors
- 52Commercial Services
- 13Communications
- 72Consumer Durables
- 111Consumer Non-Durables
- 81Consumer Services
- 33Distribution Services
- 49Electronic Technology
- 18Energy Minerals
- 245Finance
- 20Health Services
- 95Health Technology
- 85Industrial Services
- 2Miscellaneous
- 134Non-Energy Minerals
- 357Process Industries
- 270Producer Manufacturing
- 31Retail Trade
- 103Technology Services
- 41Transportation
- 38Utilities
Stock Industries
- 3Advertising/Marketing Services
- 7Aerospace & Defense
- 62Agricultural Commodities/Milling
- 14Air Freight/Couriers
- 3Airlines
- 6Alternative Power Generation
- 4Aluminum
- 39Apparel/Footwear
- 9Apparel/Footwear Retail
- 64Auto Parts: OEM
- 11Automotive Aftermarket
- 9Beverages: Alcoholic
- 1Beverages: Non-Alcoholic
- 1Biotechnology
- 12Broadcasting
- 17Building Products
- 4Cable/Satellite TV
- 1Catalog/Specialty Distribution
- 40Chemicals: Agricultural
- 18Chemicals: Major Diversified
- 75Chemicals: Specialty
- 3Coal
- 4Commercial Printing/Forms
- 1Computer Communications
- 4Computer Peripherals
- 37Construction Materials
- 3Consumer Sundries
- 25Containers/Packaging
- 2Contract Drilling
- 5Data Processing Services
- 1Department Stores
- 1Drugstore Chains
- 25Electric Utilities
- 46Electrical Products
- 3Electronic Components
- 9Electronic Equipment/Instruments
- 11Electronic Production Equipment
- 4Electronics Distributors
- 1Electronics/Appliance Stores
- 9Electronics/Appliances
- 75Engineering & Construction
- 1Environmental Services
- 55Finance/Rental/Leasing
- 28Financial Conglomerates
- 3Financial Publishing/Services
- 3Food Distributors
- 3Food Retail
- 7Food: Major Diversified
- 7Food: Meat/Fish/Dairy
- 28Food: Specialty/Candy
- 9Forest Products
- 7Gas Distributors
- 10Home Furnishings
- 1Home Improvement Chains
- 7Homebuilding
- 13Hospital/Nursing Management
- 18Hotels/Resorts/Cruise lines
- 14Household/Personal Care
- 9Industrial Conglomerates
- 51Industrial Machinery
- 35Industrial Specialties
- 54Information Technology Services
- 3Integrated Oil
- 7Internet Retail
- 11Internet Software/Services
- 43Investment Banks/Brokers
- 16Investment Managers
- 1Investment Trusts/Mutual Funds
- 6Life/Health Insurance
- 18Major Banks
- 6Major Telecommunications
- 6Marine Shipping
- 1Medical Distributors
- 2Medical Specialties
- 7Medical/Nursing Services
- 32Metal Fabrication
- 1Miscellaneous
- 39Miscellaneous Commercial Services
- 24Miscellaneous Manufacturing
- 14Motor Vehicles
- 21Movies/Entertainment
- 4Multi-Line Insurance
- 3Office Equipment/Supplies
- 1Oil & Gas Pipelines
- 1Oil & Gas Production
- 11Oil Refining/Marketing
- 6Oilfield Services/Equipment
- 7Other Consumer Services
- 20Other Consumer Specialties
- 19Other Metals/Minerals
- 10Other Transportation
- 33Packaged Software
- 3Personnel Services
- 2Pharmaceuticals: Generic
- 84Pharmaceuticals: Major
- 6Pharmaceuticals: Other
- 1Precious Metals
- 4Publishing: Books/Magazines
- 7Publishing: Newspapers
- 18Pulp & Paper
- 1Railroads
- 51Real Estate Development
- 22Regional Banks
- 8Restaurants
- 3Semiconductors
- 2Specialty Insurance
- 7Specialty Stores
- 5Specialty Telecommunications
- 64Steel
- 11Telecommunications Equipment
- 84Textiles
- 3Tobacco
- 1Tools & Hardware
- 7Trucking
- 24Trucks/Construction/Farm Machinery
- 25Wholesale Distributors
- 2Wireless Telecommunications
Leave a Reply