Premium A representative image of consumer durables Shares of consumer durables companies have generated mixed returns on the bourses thus far in calendar year 2024 (CY24) as investors assess demand recovery trends in the sector. Except for Blue Star and Voltas, whose shares have rallied 34.3 per cent and 6.8 per cent, respectively,… Continue reading With mercury rising, analysts foresee summer surge for consumer durables | News on Markets
Tag: surge
Mother Dairy expects 30% demand surge this summer for milk products: MD | Company News
The company, he said, is fully prepared to match this growing demand and has invested up to Rs 50 crore to augment capacities to ensure adequate availability of its products | Photo:X @MotherDairyMilk Mother Dairy will launch this summer 30 new products, mainly in ice cream and yoghurt categories, as it expects a 25-30… Continue reading Mother Dairy expects 30% demand surge this summer for milk products: MD | Company News
Telecom intra stocks in focus; Birla Cable, Sterlite Tech surge up to 20%
Shares of telecom infrastructure companies were in focus as they rallied up to 20 per cent on the BSE in Monday’s intra-day trade after the Union Cabinet approved an allotment of around Rs 1.3 trillion for the next phase of BharatNet. Birla Cable, Universal Cables and Vindya Telelinks hit their respective 52-week highs and zoomed… Continue reading Telecom intra stocks in focus; Birla Cable, Sterlite Tech surge up to 20%
Profits at Warren Buffett’s Berkshire Hathaway reach $36 bn as stocks surge
Profits rebounded at Warren Buffett’s conglomerate along with the value of its USD 353 billion stock portfolio in the second quarter to hit USD 35.9 billion, and Berkshire Hathaway’s assorted businesses also performed well, led by strong results in its core insurance businesses, particularly Geico. Berkshire Hathaway said on Saturday that its profits… Continue reading Profits at Warren Buffett’s Berkshire Hathaway reach $36 bn as stocks surge
Kilburn Engineering reports 145% surge in PAT to Rs 7.09 crore in Q1
Illustration: Ajay Mohanty Kilburn Engineering Limited (KEL), a manufacturer of drying equipment for various industries, posted a 145 per cent surge in profit after tax (PAT) for the first quarter of the financial year 2024 (Q1FY24), reaching Rs 7.09 crore. In the same period last year, the profit stood at Rs 2.89 crore. … Continue reading Kilburn Engineering reports 145% surge in PAT to Rs 7.09 crore in Q1
Consumer discretionary shares rally; Dixon, Amber surge up to 17% in 2 days
Shares of Dixon Technologies (India) and Amber Enterprises India were trading higher for second straight day, ralling up to 17 per cent in two days and hitting their respective 52-week highs on the BSE in Friday’s intra-day trade. Among individual stocks, Dixon surged 8 per cent to Rs 4,812.70 after the central government restricted import… Continue reading Consumer discretionary shares rally; Dixon, Amber surge up to 17% in 2 days
Apollo’s second-quarter earnings surge 75% on upbeat annuities business
Chibuike Oguh Apollo Global Management Inc said on Thursday its second-quarter adjusted net income jumped 75% year-on-year, underpinned by strong growth in earnings from its retirement services business and management fees. Adjusted net income rose to $1 billion, up from $576 million a year earlier. That translated to an adjusted net income per… Continue reading Apollo’s second-quarter earnings surge 75% on upbeat annuities business
Power stocks may surge up to 12% on robust trend
Shares of power sector displayed a robust momentum on Tuesday, with NTPC hitting a new historic peak and Orient Green Power Company surging 14 per cent. Similarly, Jaiprakash Power, Urja Global and RattanIndia Power gained over 6 per cent, respectively. So far this year, NTPC has soared 36 per cent, Torrent Power zoomed… Continue reading Power stocks may surge up to 12% on robust trend
Fentanyl overdoses fuel surge in L.A. County homeless deaths
A devastating surge in drug overdoses drove up deaths among unhoused people in Los Angeles County in recent years, along with the rising toll of traffic collisions and homicides, according to a public health department report released Friday. The death rate increased 55% among people experiencing homelessness in L.A. County between 2019 and 2021, a… Continue reading Fentanyl overdoses fuel surge in L.A. County homeless deaths