The Indian stocks ended the day on a firm note, but after witnessing some profit booking activity during the final hour and a half of trade. The BSE-Sensex closed with gains of about 40 points or 0.2%. The NSE-Nifty closed higher by about 5 points or 0.1%. Barring stocks from the realty, healthcare and information technology space, gains were seen across the board. oil and gas and metal stocks were amongst the most preferred today. The BSE Mid Cap and BSE Small Cap indices ended the day on a weak note, with the indices closing lower by about 0.1% and 0.5% respectively.
Stock markets in other parts of Asia ended the day on a weak note with Japan and Hong Kong closing lower by about 0.2% and 1.3% respectively. The rupee was trading at Rs 60.05 to the dollar at the time of writing.
Cement stocks ended the day on a weak note with Heidelberg Cement, Prism Cement and Ultratech Cement leading the pack of losers. As per a leading business daily, the
During the month of April 2014, foreign institutional investors (FIIs) invested a sum of Rs 96 bn or US$ 1.6 bn in Indian stocks. This made April the eight consecutive month of net inflows. In the month of August 2013, FIIs has sold Rs 59.2 bn. In the year till date, FIIs have invested Rs 323.7 bn or US$ 5.3bn in Indian stocks. The bullishness seems to be on account of the ongoing Lok Sabha elections with high expectations of a particular party coming into power. With the election results to be announced in less than two weeks from now, market participants can expect a significant amount of volatility as investors who feel the positive are all priced in may be looking to exit the markets. As such, we recommend investors to take a cautious approach in the short term.
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For the quarter ended December 2020, ULTRATECH CEMENT has posted a net profit of Rs 16 bn (up 122.8% YoY). Sales on the other hand came in at Rs 123 bn (up 18.4% YoY). Read on for a complete analysis of ULTRATECH CEMENT's quarterly results.
Here's an analysis of the annual report of ULTRATECH CEMENT for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of ULTRATECH CEMENT. Also includes updates on the valuation of ULTRATECH CEMENT.
For the quarter ended June 2020, ULTRATECH CEMENT has posted a net profit of Rs 8 bn (down 34.0% YoY). Sales on the other hand came in at Rs 76 bn (down 25.0% YoY). Read on for a complete analysis of ULTRATECH CEMENT's quarterly results.
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