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Leather stocks get toe-up

about 9 years ago

Almost all the footwear or leather stocks are up. Relaxo Footwear, Liberty Shoes, Bata India, Mirza International, Superhouse and Sreeleathers; all the stocks are in the green. Though recently listed Khadim India is down in the red.

IIP AND CPI - A PLEASANT SURPRISE ON GROWTH FRONT

about 10 years ago

The macro economic data which came in today evening were very much on expected lines, no unpleasant surprises here. Consumer Price Index (CPI) for July came in at a two-year high of 6.07% v/s 5.77% in June. And this was led by sharp price rise in food inflation, which was at 8.35% v/s 7.38% (MoM). Vegetable inflation

BUDGET - GAINERS AND LOSERS

about 12 years ago

The Budget has come and gone while we are still reading the fine print and looking at who gains and who loses. Prepared below is a broad list of companies which will stand to gain and lose based on the announcements made in the Budget. Have a look and get a perspective of India Inc and the Union Budget.

Footwear stock on strong footing

about 7 years ago

Footwear stocks seem to have put their best foot forward. Khadim, Bata India, Liberty Shoes and Mira International – all three stocks are very much in the limelight since yesterday.

Footwear stocks jogging ahead

about 9 years ago

Relaxo Footwear rose over 11% today to Rs.632.55, just a tad shy of its 52-week high of Rs.634.40. Liberty Shoes briefly breached the 5% UC at Rs.263.70; Bata India rose over 3.5% to Rs.794; newly listed Khadim India too rose 3% at Rs.711;

Polson hits new high, again

about 14 years ago

Polson Ltd is frozen on the 5% upper circuit at Rs.1212.40, a new 52-week high. It is a very thinly traded stock, with only 5 shares changing hands today morning, sending the stock to a new high. Market cap stands at Rs.14 crore. The stock is up on hopes of delisting as promoters stake in th ...

IIP & CPI – REALITY HITS HARD

about 7 years ago

The same cheer was expected to continue as long as the IIP and CPI data came in the positive. But that did not happen. Despite onion prices coming down, prices of meat and fish going up by 10.5% led to the CPI for Jan coming in at a shocker – 7.5%, which is much more than what most had expected.

Rs.70 THE NEW NORM FOR INDIAN RUPEE?

about 8 years ago

There is a sense of unease on Dalal Street. And also on Mint Street. Stocks as well the rupee are down in the red and the mood is that of great uncertainty. The rupee crossed the Rs.72-mark yesterday and the plunge was arrested only on account of RBI intervention. Though Finance Minister Arun Jaitley

IIP, CPI AND TCS... ALL DISAPPOINT

about 11 years ago

It was a bad set of numbers - both IIP for November as well as CPI for December. And then to top it all off, TCS announced its Q3FY16 numbers and they were much, much below analyst expectations. Thank god these numbers came in after market closure or else the already lackluster market, with a strong inclination towards a fall

IIP AND CPI TO BRING IN CHEER AND BELATED FESTIVITY!

about 12 years ago

Well, the market is going to surely like this November IIP of 3.8% and December CPI came in at 5%. Both the numbers are extremely good, much better than many estimates and most certainly better than numbers of previous months. The bounce back in the November IIP was led by mainly by the manufacturing sector due to increase in production to restock inventories, which in all probability were depleted

FALLING RUPEE - THE PULL OF GRAVITY GETS STRONGER

about 15 years ago

But why is the rupee falling so much? There are two factors now playing up the rupee. Firstly, dollar continues to remains the safest currency and it will remain so till the Eurozone stabilizes. Thus till the macro economic fundamentals around the world does not settle down, rupee will face selling against the dollar. Earlier, it ....

AUGUST IIP - VERY UNCOMFORTABLE NUMBERS

about 12 years ago

The optimism seen in Q1 seems to be waning. This IIP number for August is pretty ugly at 0.4% v/s 0.5% in July, the culprits being manufacturing and consumer durables. Basic good is the only one which has posted a decent growth; indicating that probably construction and real estate are the only activities happening.

SHOCKER OF AN IIP NUMBER FOR JUNE'14

about 12 years ago

After the pleasant surprise of 4.7% in May, it was a shocker today to see June IIP come in at 3.4%. The markets were expecting it to come at over 5%, enthused by May numbers but clearly, the market expectations were driven more by sentiments. The markets closed today

JULY IIP - FLASH IN THE PAN?

about 13 years ago

Manufacturing which has a 80% weightage in the IIP number did well with a growth of 3% but Capital Goods, showing a growth of 15.6% v/s degrowth of 6.6% in June was too volatile and cannot really be taken as an indicator of any improvement. Most analysts do not take into consideration capital goods at all as it simply

JUNE IIP - DEGROWTH, DISAPPOINTING, DISTURBING

about 13 years ago

How do we get corporate confidence up? That has to be the biggest question and not whether or not RBI will reduce or increase rates. RBI has been doing its job very well, with absolute diligence but the laggard causing this failure is obviously the Govt. Very real supply constraints have developed like in infra, mainly land acquisitions

RUPEE REMAINS THE 'FALLING' STAR OF THE DAY!

about 14 years ago

The Rupee remained the star, for the second day in a row. It hit a new low today against the US$ at Rs.58.98 and for now, it seems to have recouped a bit but one never really knows at this juncture. RBI is said to have intervened and that helped cull the one way downfall.

BUDGET FY14 - THE GAINERS AND LOSERS

about 14 years ago

On the whole the Budget was a lot of talk but there does not seem to be the right stride in the walk to meet this talk. The Finance Minister on one hand said that the FY14 plan expenditure is to be raised by 30% but at the same time, he says that fiscal deficit for FY14 will come down to 4.8% from the current year estimate of 5.2%. How does this math add up? There is a massive jump in social schemes, so one wonders how the fiscal deficit

NOV IIP -LIGHTS OUT AFTER OCT BRIGHTNESS

about 14 years ago

If the Sept IIP data shocked us by showing a degrowth, October IIP came in at an unbelievable 8.2% and once again, November, as expected, slipped back to degrowth. Thankfully, it was as expected or else another positive IIP would have been very difficult to digest. Some things, even if bad are acceptable when expected

BEST BUYS FOR DIWALI

about 14 years ago

The festival of lights is here and like every year, we all fervently hope and pray that Goddess Lakshmi continues to bless one and all. This is also the time when we all loosen our purse strings and go shopping in full throttle. And like every year, we present a list of stocks which you should buy to ensure that your next Diwali will be even more 'dhamakedar!'.

Balmer Lawrie drops 5%

about 6 years ago

The stock is today figuring out prominently among the top five losers on the BSE with the stock price going down 5% to Rs.112