Raises India's FY24 GDP growth forecast by 20 bps to 6.3%.
Keeps India's FY25 GDP growth forecast unchanged at 6.3%.
Forecasts India's FY24 CPI inflation at 5.5%, FY25 at 4.6%.
Keeps global GDP growth forecast for 2023 unchanged at 3.0%.
Consolidated volume at 6.41 million tonnes, up 13% year-on-year.
India volume at 6.27 million tonnes, up 12% year-on-year.
Source: Exchange filing
Sponge Iron sales volume at 1,77,373 tonnes, up 13.6% quarter-on-quarter.
Steel sales volume at 5,08,771 tonnes, down 1.8% quarter-on-quarter.
Sponge Iron sales volume at 177,373 tonnes, up 3.07% year-on-year.
Steel sales volume at 5,08,771 tonnes, up 8.26% year-on-year.
Source: Exchange filing
Revenue up 6.84% at Rs 151.57 crore vs Rs 141.86 crore
Ebitda down 3.57% at Rs 29.72 crore vs Rs 30.82 crore
Margins at 19.61% vs 21.72%
Net profit down 1.4% at Rs 22.37 crore vs Rs 22.69 crore
Source: Exchange filing
Gets LoA worth Rs 352.91 crore from Jharkhand Government.
Order for construction of Medical College at Koderma.
Source: Exchange Filing
The broader market indices outperformed the larger peers; the S&P BSE MidCap Index was up 0.93%, whereas S&P BSE SmallCap Index was also 1.22% higher.
All the 20 sectors compiled by BSE advanced. S&P BSE Realty, S&P BSE Telecommunication and S&P BSE Services rising the most.
The market breadth was skewed in the favour of the buyers. About 2,567 stocks rose, 903 declined, while 138 remained unchanged on the BSE.
Overnight MCLR stands at 8.60%; 1-month at 8.65%.
MCLR on 2-, 3-year tenors remain unchanged.
Source: HDFC Bank website
Gets significant order worth Rs 1,000 to Rs 2,500 crore from Government of Rajasthan.
Order for water supply project for 648 villages in Chittorgarh.
Source: Exchange Filing
Sales value at Rs 1,600 crore, up 102% year-on-year.
Volume at 20 lakh sq ft, up 89% year-on-year.
Realisation at Rs 7,947/sq ft, up 7% year-on-year.
Source: Exchange Filing
Exploring options for green hydrogen valleys/hubs.
Green energy plans are in nascent stage.
Alert: Clarification issued on a media report stating company is planning green hydrogen hubs.
Source: Exchange Filing
The broader market indices outperformed the larger peers; the S&P BSE MidCap Index was up 0.69%, whereas S&P BSE SmallCap Index was also 0.89% higher.
All the 20 sectors compiled by BSE advanced. S&P BSE Services, S&P BSE Telecommunication and S&P BSE Metal rising the most.
The market breadth was skewed in the favour of the buyers. About 1,778 stocks rose, 379 declined, while 90 remained unchanged on the BSE.
At pre-open, the S&P BSE Sensex was up 149 points, or 0.23%, at 65,661.70 while the NSE Nifty 50 was 53 points or 0.27% higher at 19,565.60.
Source: Bloomberg
The yield on the 10-year bond opened 3 bps lower at 7.35% on Tuesday.
It closed at 7.38% on Monday.
Source: Bloomberg
The local currency strengthened about 4 paise to open at 83.23 against the U.S dollar on Tuesday.
It closed at 83.27 on Monday.
Source: Bloomberg
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