PVC PRICES
Gautam Adani is facing the biggest trial of his life
Adani, once kidnapped for ransom in 1998 and later a hostage during the 2008 Mumbai terror attack, went on to build one of India's largest business empires - spanning ports, energy, and infrastructure. He now finds himself in the middle of a legal investigation after US prosecutors charged him with bribery and securities fraud. His group faces ongoing controversies, including environmental protests and a major stock scandal, challenging his global ambitions.
These large-caps have ¡®strong buy¡¯ & ¡®buy¡¯ recos and upside potential of more than 29%
It might be a bit too early to say, but the way things panned out during Monday's trade suggests the worst may be over for the bulls. A typical bottom formation happens when the Nifty and large-caps are relatively stable, but the mid-caps are still under pressure. This is seen as exhaustion of big ticket sales on the street. While it is not a foolproof way of reading the situation, things have worked out this way in the past. In any case, corrections and consolidations are part of every bull market and we will continue to see them at regular levels. And if they are sparked by global events, they may be short time-wise, but in terms of magnitude they could be strong.ET Screener powered by Refinitiv¡¯s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of ¡°buy¡± or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
DGTR for anti-dumping duty on PVC resins from 7 countries
India's Directorate General of Trade Remedies (DGTR) has recommended anti-dumping duties on PVC resin imports from seven countries, including China and the US. The DGTR found that these countries were selling PVC resins below market value, harming Indian manufacturers. If enacted, the duties could reach up to USD 339 per tonne.
Supreme Industries is stock pick of the week; here is why
Supreme Industries stands to gain from the growth in the real estate sector.
These large-caps have ¡®Strong Buy¡¯ & ¡®Buy¡¯ recos and an upside potential of more than 32%
As always, this phase of correction has also been led by large-cap stocks. It will be no different in the future. Reason? FIIs have greater exposure in large-caps stocks. And when FIIs sell, it is large-caps that suffer first. But they also recover well. Amidst the current selling, when a large-cap pharma company and a private bank announced better-than-expected Q2 results, both saw sharp rebounds. If you take a long-term view, large-caps have a tendency to create wealth with a lesser draw down except in the initial phase of any correction ¨C like the one we are seeing since the beginning of this month. ET Screener, powered by Refinitiv¡¯s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, having an average recommendation rating of ¡°Buy¡± or "Strong Buy". The screener applies different algorithms for all BSE and NSE stocks.
Large business opportunity plus efficient management is the key: 5 large-caps from different sectors with an upside potential of up to 38%
What is the net profit margin of the company that is one of the biggest wealth creators of the last 20 years? Just 6.6%. And it¡¯s not just in one year. In the last five years, the net profit margin has not moved into double-digits. At the same time, sales have been increasing year-on-year and profit on an absolute basis has been growing. And, of course, the stock is doing extremely well. The point here is: It is the overall size of a business that matters. And if the management is efficient, even a low-margin business can create a multibagger. We look at 5 stocks where the overall business opportunity is big and net margins are in single-digits ¨C but the managements have a track record of executing well.
Stock to Watch: Adani Enterprises shares in spotlight after raising Rs 4,200 crore via QIP
Adani Enterprises Share Price: Adani Enterprises raised Rs 4,200 crore through a share sale to investors via a QIP. The sale attracted bids over 4.2 times the deal size from various investors. Proceeds will be used for capital expenditure, debt repayment, and general corporate purposes. Shares of the company dropped 3% on Thursday.
Daily Trading Desk: 2 trades for short-term gains; industrial gases stock for almost 6.5% gain, mid-cap PVC pipe maker for 6% uptick
Select stocks gain momentum even in volatile markets.
Is Apollo Pipes a good buy now? Know why analysts are bullish on Apollo Pipes share
Apollo Pipes Ltd share: The company is a beneficiary of the healthy growth prospects of PVC pipes. The management took various initiatives in the recent past to strengthen its core business and enhance its market. For 2024-25, the company aims to strengthen its Pan-India presence and enhance plant utilisation. Should you invest in Apollo Pipes?
Post-election performers: 12 stocks with score improvement and upside potential of 21 to 40% in one year
Just before the national election results came in, there was expectation that sectors like defence, railways and PSUs would continue to do well. But they got into stock specific mode and witnessed some consolidation. There are, however, certain stocks from across sectors that have performed well in the last four months. These range from telecom and packaging to engineering and chemicals. Among these, all have seen an uptick in their analyst score, two have seen their rating upgraded, and a majority have outperformed the indices since the election results. If one looks at analysts recommendations and projections, they are optimistic about these stocks.
Solve Plastic Products shares list at 12% premium on NSE SME platform
Solve Plastic Products listed on the NSE SME platform at a 12% premium, opening at Rs 102 per share. Its IPO of 13.02 lakh fresh equity shares was oversubscribed over 30 times. The funds will be used for capital expenditure, working capital, and other corporate purposes. The company manufactures uPVC and Rigid PVC pipes.
As demand moves from cyclical to secular, a round of re-rating? 5 stocks from decorative laminates industry with an upside potential up to 41%
While it might not appear on face it, the fact is a large majority of businesses have an element of cyclicality in it. Would you call the FMCG business a cyclical business or a secular business? Largely it would be called secular because, the demand of products is through all the year but the fact is a good or a bad monsoon brings in an element of cyclicality in business because rural demand gets impacted. That is why this concept of YoY and QoQ came to market, so that element of cyclicality is taken care of. But there are some sectors and industries, which were cyclical ten years back, though they are still cyclical but the element of cyclicality has come down. The overall demand has increased which has made their balance sheet look much better than what they used to be and with every passing year the element of secular demand is increasing.
Broach Lifecare IPO booked nearly 80 times on Day 3; Solve Plastic's issue subscribed 17x
The IPO of Broach Lifecare has been oversubscribed nearly 80 times by the third day of bidding, reflecting strong retail investor interest. The retail portion was subscribed over 130 times, while the NII category was subscribed 27 times. The IPO allocates 50% of shares to retail investors and 50% to non-retail investors.
Grab the best 5 kg Dumbbell Sets for a perfect fitness routine
Incorporating 5 kg dumbbells into your fitness routine can enhance strength, endurance, and overall health. Here are the best 5 kg dumbbell sets available to transform your workout experience. Read on to find the perfect 5 kg dumbbells to fit your needs.
Best PVC Curtains for AC in India to Keep Your Room Cool (2024)
Are you looking for PVC curtains for your home or shop? If so, then continue reading this article, where we have curated a list of the best PVC curtains for AC in India. All of these options are rated highly by their users and are readily available on Amazon. Find the one that suits you best and place your order using the given buying link.
Chemplast Sanmar pegs commissioning of Paste PVC Expansion project in current fiscal
Chemplast Sanmar Ltd announced its expectations to commission its Paste PVC expansion project by the fourth quarter of the current financial year. However, the company reported a consolidated net loss of Rs 89.38 crore during the October-December 2023 quarter, compared to a profit of Rs 27.14 crore in the same period last year. The MD attributed this downturn to various factors including a further correction in PVC prices due to dumping from China, slowdown in other chemicals business, and increase in key feedstock prices.
Fundamentals remain strong and forecast for FY25 remains same: Finolex MD
Ajit Venkataraman confirms that the volume growth guidance remains intact despite recent declines. While agri segment volumes have been lukewarm, the fundamentals remain strong and the forecast for FY25 remains the same. EBITDA margins have improved by 30.5%, although revenue has dropped due to a decrease in volume. Profitability has improved from Rs 7.5 per kg to almost Rs 10-11 per kg, mainly due to a better non-agri product mix.
Stock Radar: 12% rally in a week! This PVC pipe maker breaks out from Ascending Triangle pattern
Finolex Industries stock hit a 52-week high of Rs 259 on 4th September 2023, but failed to hold on to the momentum. It bounced back after taking support above the 50-DMA on the daily charts last week. In terms of price action, the stock is trading well above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts.
Expect PVC will be dumped in India and hence a downward trend: Finolex CEO
¡°Our product mix is also changing. Currently, 60% comes from the agri sector and 40% from the non-agri sector. This trend is likely to continue but there is enough headroom to grow even in agri business. Less than 50% of our farm is through irrigation. We expect enough headroom to grow in this segment as well.¡±
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