Monday, September 21
Mumbai : Cement producers are expected to report 30-80% rise in profits for the June quarter, helped by an improvement in both prices and volumes. Notably, companies having greater exposure to East and South India will see a sharper improvement in profits given the comparatively steeper price hikes in these regions, analysts said.Prices of the key building raw material rose 3% in the three months ended June—the first year-on-year increase in six quarters. On a sequential basis, prices gained for the third consecutive quarter.At Rs 377 per bag, average cement prices for the June quarter is also the highest since the December quarter of 2023. Analysts noted that certain planned price hikes had to be rolled back due to the early onset of monsoon rains this year. “Pricing remains a key mon
"It is going to be a range bound market, but the good thing here is after being a sell on rise market for 10 months, we are now a buy on dip market. So, there has been a change in sentiment. The market internals are much more stable now as opposed to the previous 12 months, so that is the only good part about it," says Siddharth Vora, PL Asset Management.My first question to you of course on the markets as we clearly see that we have been stuck in a range where patience is the key amid lack of triggers and direction. What is your short-term, medium-term, as well as long-term view on the markets at present?Siddharth Vora: So, just to put things in perspective on the market, we need to understand from a short-term basis we lack any positive triggers. Most of the positive triggers seem to be
Air India has announced a phased resumption of its international operations following a "Safety Pause" implemented after the tragic crash of flight AI171 on June 12. The airline had suspended or reduced multiple routes to conduct precautionary inspections on its Boeing 787 aircraft and to adapt to longer flight paths necessitated by regional airspace closures.The airline on Tuesday said that partial services would be restored starting August 1, with full normal operations expected to resume by October 1. A total of 5 routes will see reinstated services or increased frequencies. Key changes include Delhi-London (Heathrow) - Full 24 weekly flights restored starting July 16, Delhi-Zurich - Increased from 4 to 5 flights per week from August 1, Delhi-Tokyo (Haneda) and Delhi-Seoul (Incheon) - F
