GM jsk stock in news Shobha,tatastl,jspl,tcs,Glenmark, morepenlab,Hindalco,titan,tbz,kalyan,thangamaya,greaves,MNM,ncl,moschip,infoedge,redigton. Negative stocks rblbk,tatamot. Nifty range 15675-15880.
Tata Motors pegs $2.9 billion cash burn at JLR in H1, as chip shortages bite - https://www.livemint.com/market/mark-to-market/tata-motors-pegs-2-9-billion-cash-burn-at-jlr-in-h1-as-chip-shortages-bite-11625572329678.html
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Tata Motors pegs $2.9 billion cash burn at JLR as chip shortages bite
The pandemic has caused a global shortage of semiconductor chips amid rising demand for electronic goods
*Stocks in News*
*3i Infotech:* Srei Multiple Asset Investment Trust sold 2.31% stake in the company via open market transaction, reducing total shareholding to 11.32% from 13.63%.
*Mastek:* Hiral Chandrana has been appointed as the Global Chief Executive Officer of Mastek Group. Chandrana will be operating out of USA.
*Titan Company:* The company recorded revenue growth of around 117% (excluding bullion sales) in Q1FY22, with revenue contribution of approximately 50%, 10% and 40% coming from April, May and June months respectively. Jewellery division in Q1FY22 grew by around 107% (excluding bullion sales), compared to last year, primarily due to zero sales in April of last year. Watches and wearables division grew by around 280% over Q1FY21. Eye Wear division grew by around 117% over Q1FY21.
*Gillette India:* The company appointed Gautam Kamath as Chief Financial Officer and Additional (Executive) Director effective August 1.
*Sobha:*
The company achieved total sales volume of 8,95,539 square feet of super built-up area valued at Rs 682.9 crore in Q1FY22 against 6,50,400 square feet of super built-up area valued at Rs 487.7 crore sold in Q1FY21.
*RBL Bank:* The bank's total deposits grew by 21% YoY to 74,480 crore and gross advances increased by 2 percent to Rs 58,755 crore in June 2021 quarter
*3i Infotech:* Srei Multiple Asset Investment Trust sold 2.31% stake in the company via open market transaction, reducing total shareholding to 11.32% from 13.63%.
*Mastek:* Hiral Chandrana has been appointed as the Global Chief Executive Officer of Mastek Group. Chandrana will be operating out of USA.
*Titan Company:* The company recorded revenue growth of around 117% (excluding bullion sales) in Q1FY22, with revenue contribution of approximately 50%, 10% and 40% coming from April, May and June months respectively. Jewellery division in Q1FY22 grew by around 107% (excluding bullion sales), compared to last year, primarily due to zero sales in April of last year. Watches and wearables division grew by around 280% over Q1FY21. Eye Wear division grew by around 117% over Q1FY21.
*Gillette India:* The company appointed Gautam Kamath as Chief Financial Officer and Additional (Executive) Director effective August 1.
*Sobha:*
The company achieved total sales volume of 8,95,539 square feet of super built-up area valued at Rs 682.9 crore in Q1FY22 against 6,50,400 square feet of super built-up area valued at Rs 487.7 crore sold in Q1FY21.
*RBL Bank:* The bank's total deposits grew by 21% YoY to 74,480 crore and gross advances increased by 2 percent to Rs 58,755 crore in June 2021 quarter
Power demand soars to all-time high of 197.06 GW on Tuesday https://t.co/ZwzIZCQoao via @economictimes
The Economic Times
Power demand soars to all-time high of 197.06 GW on Tuesday
Experts opined that high temperatures in many states due to delayed monsoon and easing of restrictions that were in place to curb coronavirus infections have led to a surge in power demand.
*Global-Market Insight*
-The S&P 500 fell after 7 straight gains, Crude oil falls to $75
-Mostly banks and energy shares pulled the market down
-Amazon helped Nasdaq to reach a fresh high
-US 10-year yield dropped to 1.36% from 1.44% at the Feb level
-US services PMI little lower month on month
-Gold gains momentum again
-US FED minutes to drive the market today
-Asian futures in red
-The S&P 500 fell after 7 straight gains, Crude oil falls to $75
-Mostly banks and energy shares pulled the market down
-Amazon helped Nasdaq to reach a fresh high
-US 10-year yield dropped to 1.36% from 1.44% at the Feb level
-US services PMI little lower month on month
-Gold gains momentum again
-US FED minutes to drive the market today
-Asian futures in red
*MS on Titan*
Equal weight
Target Rs 1358
--
*CLSA on Titan*
Sell Call
Target Rs 1370
*Nomura on Tata Motors*
Neutral
Target Rs 353
--·
*MS on Tata Motors*
Equal Weight
Target Rs 300
Equal weight
Target Rs 1358
--
*CLSA on Titan*
Sell Call
Target Rs 1370
*Nomura on Tata Motors*
Neutral
Target Rs 353
--·
*MS on Tata Motors*
Equal Weight
Target Rs 300
*MS on IndiGo*
Overweigh Call
Target Raised To Rs 2,292
*Goldman Sachs on Bharat Forge*
Buy Call
Target Rs 883
--
*CLSA on Tata Steel*
Buy Call
Target Raised To Rs 1,450
Overweigh Call
Target Raised To Rs 2,292
*Goldman Sachs on Bharat Forge*
Buy Call
Target Rs 883
--
*CLSA on Tata Steel*
Buy Call
Target Raised To Rs 1,450