Rally in small & midcaps driven by explosive growth in demat accounts
The market construct is favourable for consolidation around current levels and gradual up move, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
The market construct is favourable for consolidation around current levels and gradual up move, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
RIL's green hydrogen foray is part of its Net Carbon Zero target by 2035. Falling renewable cost and scale economics will lower green hydrogen cost. Given the capex intensity, RIL's strong balance sheet and backward integration puts it in the driver's seat in the US$ 74 billion opportunity, foreign brokerage, Jefferies said in a report.
Reliance Petroleum Retail Limited (under name change to 'Reliance Polyester Limited'), a wholly owned subsidiary of Reliance Industries Limited (RIL), on Saturday executed definitive documents to acquire polyester business of Shubhalakshmi Polyesters Limited for cash consideration of Rs 1,522 crore.
Margin profiles for FMCG businesses are superior to that of grocery retailers with gross margins of 40-60 per cent and EBITDA margin of 15-25 per cent versus 15 per cent and 9 per cent, respectively, for DMart.
Drawn from existing standards, the Stakeholder Capitalism Metrics provide a set of metrics that can be reported on by all companies.
MSCI rebalancing of flows, profit-taking took away all the gains ahead of the outcome of GST Council meet,said S Ranganathan.
Manish Hathiramani, technical analyst with Deen Dayal Investments said: "The markets opened on a soft note this morning. The support for the Nifty is currently at 17,250 and as long as that holds, traders can consider a buy on dips approach for a target of 17,450."
Reliance was the top loser in the Sensex pack, plunging 2.52 per cent, followed by HUL, Asian Paints, Kotak Mahindra, Nestle, NTPC and Power Grid Corp.
Digital and omnichannel are focus areas in Retail where disclosures didn't include segmental details.
During the week, the Sensex declined 438.51 points or 0.87 per cent, while the Nifty shed 32.50 points or 0.21 per cent.