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Outlook commentary suggested that Q1FY23 adjusted EBITDA will return to $500 million-plus as one-time operational cost incidence is behind the company, brokerage ICICI Securities said while maintaining a buy call on Hindalco.
Covid 2.0 may bring a recast surge at NBFCs“The recast levels in the second wave will be at least 2-3 times of what we had seen last year because there is no benefit of a blanket moratorium this time; so we need to salvage whatever we can,” said the CEO of a large non… Read MoreStocks in the news: NMDC, Indian Bank, SBI, Maruti Suzuki, RIL and Info EdgeNMDC, Bharat Electronics, ITI, Aster DM, Avanti Feeds, Sobha and Religare Enterprises will announce their March quarter results today.
from Stocks-Markets-Economic Times https://ift.tt/3gQGSSr
… Read MoreSharp recovery: Unlock 2.0 sparks 15% growth in FMCG salesActive kirana count up 28%, uptick in rural areas; companies expect demand to sustain. While the second wave benefited hygiene and in-home consumption, it hurt discretionary demand and took a further toll on the badly hit HoR… Read MorePowell renews forecast for inflation subsiding toward Fed’s goalFed officials surprised financial markets last week when their forecasts showed they pulled forward their expected timing and pace of interest-rate increases, from the current near-zero level, while also kicking off a discuss… Read MoreStock Market: Battling valuations and risksHowever, the earnings to bond yield ratio is below its long-term average on a trailing basis which is supporting current market valuations as bond yields have come off at around 6%. Any pickup in inflation may lead to a spike… Read More
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